NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
22.
OTHER FINANCIAL LIABILITIES (CONT’D)
22C.
Finance leases (cont’d)
PT Anugrah Prima
PT Anugrah Prima (“PT AP”) entered into a BOT agreement with Regional Government of City of Medan. PT AP has
the right to build, operate and transfer the property for a period of 25 years commencing July 2002.
PT AP has the following payment obligations:
(a)
US$1,089,770 including VAT that is to be paid by instalments of US$49,535 per year from the year 2005
until 2026.
(b)
Goodwill compensation of US$99,070 that was paid as follows:
(i)
US$84,000 was paid in 2002; and
(ii)
US$15,070 was paid in 2003.
PT Palembang Paragon Mall
PT Palembang ParagonMall (“PT PPM”) entered into a BOT agreement with South Sumatera Provincial Government.
PT PPMhas the right to build, operate and transfer the property for a period of 30 years commencing January 2011.
PT PPM has the following payment obligations:
(a)
Rp.3,750,000,000 that is to be paid by instalments from year 2011 until 2040 as follows:
(i)
Rp.100,000,000 per year for the first 5 years;
(ii)
Rp.110,000,000 per year for the second 5 years;
(iii)
Rp.120,000,000 per year for the third 5 years;
(iv)
Rp.130,000,000 per year for the fourth 5 years;
(v)
Rp.140,000,000 per year for the fifth 5 years; and
(vi)
Rp.150,000,000 per year for the sixth 5 years.
(b)
40% retribution tax from the net parking income received by PT PPM each year.
LIPPO MALLS INDONESIA RETAIL TRUST
120
