NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
31 DECEMBER 2015
27.
FINANCIAL RATIOS
Group
Trust
2015
2014
2015
2014
Expenses to average net assets ratio – excluding
performance related fee
(1)
0.66%
0.56%
0.62%
0.52%
Expenses to average net assets ratio – including
performance related fee
(1)
1.23%
1.02%
1.18%
0.96%
Portfolio turnover ratio
(2)
–
–
–
–
(1)
The annualised ratios are computed in accordance with the guidelines of Investment Management
Association of Singapore. The expenses used in the computation relate to expenses at the Group and
Trust levels excluding any property related expenses, borrowing costs, foreign exchange losses/(gains),
tax deducted at source and costs associated with the purchase of investments.
(2)
Turnover ratio means the number of times per year that a dollar of assets is reinvested. It is calculated
based on the lesser of purchases or sales of underlying investments of a scheme expressed as a
percentage of daily average net asset value.
28.
FINANCIAL INSTRUMENTS: INFORMATION ON FINANCIAL RISKS
28A.
Classification of financial assets and liabilities
The following table summarises the carrying amount of financial assets and liabilities recorded at the end of the
reporting year by FRS 39 categories:
Group
Trust
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Financial assets:
Cash and cash equivalents
80,590
103,920
22,554
18,589
Loans and receivables
19,758
19,893
189,369
192,095
Financial assets at fair value through profit or loss
1,906
116
1,906
116
At end of the year
102,254
123,929
213,829
210,800
Financial liabilities:
Financial liabilities at fair value through profit or loss
687
146
687
146
Measured at amortised cost:
- Borrowings
687,001
622,832
141,930
151,473
- Trade and other payables
60,205
70,982
699,120
608,920
- Finance leases
2,011
1,527
–
–
At end of the year
749,904
695,487
841,737
760,539
Further quantitative disclosures are included throughout these financial statements.
LIPPO MALLS INDONESIA RETAIL TRUST
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