NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
13.
PLANT AND EQUIPMENT
Group
Plant and Equipment
2015
2014
$’000
$’000
Cost:
At beginning of year
6,897
4,558
Additions
1,648
2,232
Exchange difference adjustments
(231)
107
At end of year
8,314
6,897
Accumulated depreciation:
At beginning of year
1,989
1,234
Depreciation for the year
1,058
726
Exchange difference adjustments
(70)
29
At end of year
2,977
1,989
Net book value:
At beginning of year
4,908
3,324
At end of year
5,337
4,908
The depreciation expense is charged to statements of total return as property operating expenses (Note 5).
14.
INVESTMENT PROPERTIES
Group
2015
2014
$’000
$’000
At valuation:
Fair value at beginning of year
1,806,944
1,412,204
Acquisition of investment properties
(1)
103,332
333,062
Enhancement expenditure capitalised
8,220
5,654
1,918,496
1,750,920
(Decrease)/increase in fair value included in profit or loss
(53,316)
4,536
Translation differences
(60,250)
51,488
Fair value at end of year
1,804,930
1,806,944
Rental and service income from investment properties
173,004
136,985
Direct operating expenses (including repairs and maintenance) arising from
investment properties that generated rental income during the year
(14,439)
(10,978)
LIPPO MALLS INDONESIA RETAIL TRUST
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