MANAGER’S REPORT
Financial Review
GROSS RENTAL INCOME
Gross Rental Income for the FY2015was
SGD173.0million, which is 26.3%higher
than FY2014. The increase is mainly due
to the additions of LippoMall Kemang in
December 2014, Lippo Plaza Batu and
Palembang Icon in July 2015, as well as
the positive rental reversion within the
existing malls.
NET PROPERTY INCOME
Net property income (“NPI”) for FY2015
was at SGD158.6 million, which is
SGD32.6 million or 25.8% higher
compared to FY2014. This is mainly due
to the increase in property operating
and maintenance expenses.
% of
Gross
Revenue
2015
Year
Ended 31
Dec 2015
(S$million)
Bandung Indah Plaza
6.5% 11.2
Cibubur Junction
4.8% 8.2
Ekalokasari Plaza
0.8% 1.4
Gajah Mada Plaza
3.4% 5.9
Istana Plaza
4.9% 8.4
Mal Lippo Cikarang
3.6% 6.2
The Plaza Semanggi
6.8% 11.7
Sun Plaza
9.6% 16.6
Plaza Medan Fair
8.2% 14.1
Pluit Village
6.9% 12.0
Lippo Plaza Kramat Jati
1.9% 3.3
Palembang Square
Extension
1.9% 3.3
Tamini Square
1.4% 2.4
Palembang Square
4.0% 6.9
Pejaten Village
6.1% 10.5
Binjai Supermall
1.2% 2.2
Lippo Mall Kemang
17.8% 30.7
Lippo Plaza Batu
0.7% 1.3
Palembang Icon
2.2% 3.8
Depok Town Square
1.0% 1.8
Grand Palladium
0.9% 1.6
Java Supermall
1.0% 1.8
Malang Town Square
1.0% 1.8
Mall WTC Matahari
0.9% 1.6
Metropolis Town Square 1.2% 2.0
Plaza Madiun
1.3% 2.3
Gross Rental Income 2015
% of
NPI
2015
Year
Ended 31
Dec 2015
(S$million)
Bandung Indah Plaza
6.4% 10.1
Cibubur Junction
4.9% 7.9
Ekalokasari Plaza
0.8% 1.3
Gajah Mada Plaza
3.5% 5.5
Istana Plaza
5.1% 8.2
Mal Lippo Cikarang
3.8% 6.0
The Plaza Semanggi
6.9% 10.9
Sun Plaza
9.9% 15.7
Plaza Medan Fair
8.3% 13.1
Pluit Village
6.9% 11.0
Lippo Plaza Kramat Jati
1.8% 2.9
Palembang Square
Extension
1.7% 2.7
Tamini Square
1.4% 2.2
Palembang Square
3.0% 4.7
Pejaten Village
6.3% 10.1
Binjai Supermall
1.3% 2.0
Lippo Mall Kemang
17.5% 27.8
Lippo Plaza Batu
0.7% 1.1
Palembang Icon
1.8% 2.8
Depok Town Square
1.1% 1.8
Grand Palladium
1.0% 1.5
Java Supermall
1.1% 1.7
Malang Town Square
1.1% 1.8
Mall WTC Matahari
1.0% 1.5
Metropolis Town Square 1.3% 2.0
Plaza Madiun
1.4% 2.2
Net Property Income 2015
LIPPO MALLS INDONESIA RETAIL TRUST
30
