86
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
8.
FINANCE COSTS
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Interest expense
29,767
24,835
30,147
24,835
Amortisation of borrowing costs
4,642
5,767
4,436
5,538
34,409
30,602
34,583
30,373
9.
OTHER EXPENSES
Group
Trust
2014
2013
2014
2013
$’000
$’000
$’000
$’000
Bank charges
60
108
3
3
Professional fees
650
534
644
510
Investor relation expenses
19
13
19
13
Listing expenses
39
60
35
57
Security agent fees
53
26
53
26
Valuation expenses
137
177
137
177
Other expenses
397
552
374
346
1,355
1,470
1,265
1,132
Group and Trust
2014
2013
$’000
$’000
Audit fees to the independent auditors of the Trust
322
310
Audit fees to the other independent auditors
204
208
Total fees to independent auditors are included in property operating expenses (Note 5) and other expenses (Note 9).
During the reporting year, the independent auditors were paid fees and expenses totalling $35,000 for their services
as reporting accountants in connection with the acquisition of Lippo Mall Kemang.
Notes to the Financial Statements
(Cont’d)
31 December 2014
