PROPERTY
2014 VALUATION
2013 VALUATION
IDR’BILLION SGD’MILLION
1
IDR’BILLION SGD’MILLION
2
Bandung Indah Plaza
801.5
85.5
832.0
86.5
Cibubur Junction
492.5
52.5
507.0
52.7
Ekalokasari Plaza
409.0
43.6
388.0
40.4
Gajah Mada Plaza
752.8
80.3
744.0
77.4
Istana Plaza
730.7
78.0
742.0
77.2
Mal Lippo Cikarang
565.0
60.3
523.0
54.4
The Plaza Semanggi
1,342.2
143.2
1,385.0
144.1
Sun Plaza
1,680.4
179.3
1,613.0
167.8
Plaza Medan Fair
1,140.6
121.7
1,102.0
114.7
Pluit Village
1,305.1
139.2
1,405.0
146.2
,IPPO 0LAZA +RAMAT *ATI
573.7
61.2
565.2
58.8
0ALEMBANG 3QUARE %XTENSION
256.1
27.3
236.1
24.6
Tamini Square
236.3
25.2
247.0
25.7
Palembang Square
641.4
68.4
627.0
65.2
Pejaten Village
958.4
102.2
939.2
97.7
Binjai Supermall
266.6
28.4
264.0
27.5
,IPPO -ALL +EMANG
3
3,640.6
388.4
TOTAL RETAIL MALLS
15,792.9
1,684.7
12,119.5
1,260.9
$EPOK 4OWN 3QUARE 5NITS
207.2
22.1
204.1
21.2
'RAND 0ALLADIUM 5NITS
188.0
20.1
192.8
20.1
*AVA 3UPERMALL 5NITS
192.6
20.5
186.1
19.4
-ALANG 4OWN 3QUARE 5NITS
207.8
22.2
192.4
20.0
-ALL 74# -ATAHARI 5NITS
169.7
18.1
175.7
18.3
-ETROPOLIS 4OWN 3QUARE 5NITS
256.6
27.4
271.3
28.2
0LAZA -ADIUN 5NITS
242.5
25.9
231.8
24.1
TOTAL RETAIL SPACES
1,464.4
156.3
1,454.2
151.3
TOTAL PORTFOLIO
17,257.3
1,841.0
13,573.7
1,412.2
%XCHANGE 2ATE )$2 3'$
%XCHANGE 2ATE )$2 3'$
3 Including intangible asset
ASSETS
4HE REGULATORY ANNUAL REVALUATION EXERCISE FOR ,-)2 4RUST S
portfolio was completed on 31 December 2014 which
recorded a total revaluation of SGD1.84 billion as at
31 December 2014, an increase of 30.3% compared
to SGD1.41 billion as at 31 December 2013. This was
MAINLY DUE TO THE ACQUISITIONS OF ,IPPO -ALL +EMANG ON
$ECEMBER
%XCLUDING THE ACQUISITION ASSET THE
REVALUATION EXERCISE RESULTED IN A
INCREASE IN THE VALUE
OF ,-)2 4RUST S PRE ACQUISITION PORTFOLIO IN )NDONESIAN 2UPIAH
terms.
DISTRIBUTIONS
Distributable income for FY2014 was at SGD68.0 million,
which is a decrease of SGD5.0 million or 6.9% compared to
FY2013. This is mainly due to the decrease in the NPI, which
is partly offset by the positive hedging gains.
For FY2014, LMIR Trust made distribution of 2.76 cents per
unit. This is 0.49 cents (or 15.1%) below FY2013 distribution
of 3.25 cents.
31
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
