55
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
Group
Trust
Notes
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Gross revenue
4
136,985
152,599
81,564
86,016
Property operating expenses
5
(10,978)
(9,239)
–
–
Net property income
126,007
143,360
81,564
86,016
Interest income
2,925
1,687
541
–
Other gains
6
642
3,645
558
3,645
Manager’s management fees
7
(9,408)
(10,349)
(9,408)
(10,349)
Trustee’s fees
(300)
(322)
(300)
(322)
Finance costs
8
(34,409)
(30,602)
(34,583)
(30,373)
Other expenses
9
(1,355)
(1,470)
(1,265)
(1,132)
Net income before the undernoted
84,102
105,949
37,107
47,485
Increase/(decrease) in fair values of investment properties
14
4,536
(24,022)
–
–
Realised gains/(losses) on derivative financial instruments
7,454
(8,409)
7,454
(8,409)
Increase in fair values of derivative financial instruments
26
221
9,492
221
9,492
Realised foreign exchange adjustment losses
(5,035)
(3,542)
(5,221)
(3,791)
Unrealised foreign exchange adjustment (losses)/gains
(1,363)
1,627
2,869
(23,767)
Total return for the year before income tax
89,915
81,095
42,430
21,010
Income tax expenses
10
(26,093)
(10,655)
(367)
(1,721)
Total return for the year after income tax
63,822
70,440
42,063
19,289
Other comprehensive return/(loss):
Items that may be reclassified subsequently to
profit or loss:
Exchange differences on translating foreign operations
52,467
(321,109)
–
–
Total comprehensive return/(loss)
116,289
(250,669)
42,063
19,289
Cents
Cents
Earnings per unit in cents
Basic and diluted earnings per unit
11
2.59
3.17
Statements of Total Return
Year Ended 31 December 2014
The accompanying notes form an integral part of these financial statements.
