One - Lippo Malls Indonesia Retail Trust - Investor Relations

89Notes to the Financial Statements (Cont’d)31 December 200922. OTHER FINANCIAL LIABILITIES (Cont’d)22B. Finance Lease (Cont’d)Cibubur has the following outstanding payment obligations to Sarana:(a)US$2,260,000 including VAT that is to be paid by instalments from the year 2004 until 2024 as follows:(i)(ii)(iii)(iv)US$ 75,500 per year for the fi rst 5 years.US$100,500 per year for the second 5 years.US$125,500 per year for the third 5 years.US$150,500 per year for the fourth 5 years.The pegged rate of payment shall be US$1 equal to Rp. 8,500.(b)Goodwill compensation of Rp. 1,500,000,000 that was paid/to be paid as follows:(i)(ii)Rp. 500,000,000 was paid on 20 December 2004 andRp. 1,000,000,000 was paid from 2005 until 2009 in 5 instalments of Rp. 200,000,000 per year with the fi rstinstalment commencing 1 February 2005.(c)Monitoring fee of Rp. 5,000,000 per month including VAT that is to be paid quarterly on 15 January, 15 April, 15 Julyand 15 October from 2004 until 2024.The fi xed rate of interest for fi nance lease is 14% per year. The fi nance lease is on fi xed repayment term and no arrangementshave been entered into for contingent rental payments.The carrying amount of the lease liabilities is not signifi cantly different from the fair value.23. OTHER LIABILITIES, NON-CURRENTGroupTrust2009 2008 2009 2008$’000 $’000 $’000 $’000Deferred income 84,788 75,083 – –This is for the rental received in advance from the respective tenants.