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  "fact-341": {
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   "decimals": -5,
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    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00",
    "unit": "iso4217:GBP"
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2021-03-28T00:00:00/2022-03-27T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-343": {
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   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-344": {
   "value": "17100000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2021-03-28T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-345": {
   "value": "14100000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2023-04-02T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-346": {
   "value": "15600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-348": {
   "value": "Not<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o the F<span class=\"_ _0\"></span>ina<span class=\"_ _6\"></span>nc<span class=\"_ _6\"></span>ia<span class=\"_ _6\"></span>l St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>1. <span class=\"_ _b\"> </span>A<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l Sta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd Ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng Po<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Aut<span class=\"_ _0\"></span>horisa<span class=\"_ _0\"></span>tion of Financi<span class=\"_ _6\"></span>al Stat<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s T<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies (t<span class=\"_ _0\"></span>he \u201cGr<span class=\"_ _0\"></span>oup\u201d<span class=\"_ _0\"></span>) for t<span class=\"_ _0\"></span>he 5<span class=\"_ _1\"></span>3 week<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>re au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r iss<span class=\"_ _0\"></span>ue b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s on 14 June 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>as sig<span class=\"_ _0\"></span>ned o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s be<span class=\"_ _0\"></span>half b<span class=\"_ _0\"></span>y M J T<span class=\"_ _6\"></span>urne<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. Fuller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. is a pub<span class=\"_ _0\"></span>lic limite<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>omiciled in E<span class=\"_ _0\"></span>ngla<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d Wales<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s ordin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y \u2018<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>\u2019 shar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck E<span class=\"_ _1\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Significant Accounting Polic<span class=\"_ _6\"></span>ies<span class=\"_ _2db\"> </span>Basis of preparation<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s and Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>een p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds in c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mit<span class=\"_ _1\"></span>y wit<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>nies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, an<span class=\"_ _0\"></span>d in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h UK ad<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s, and ap<span class=\"_ _0\"></span>plied t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ded 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>olicies ad<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up and b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny are s<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g po<span class=\"_ _0\"></span>licies bel<span class=\"_ _0\"></span>ow. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed in S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rling an<span class=\"_ _0\"></span>d all value<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n in millions of p<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ds (<span class=\"_ _0\"></span>\u00a3m) r<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t hun<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, exc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>As p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 4<span class=\"_ _1\"></span>08 o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s A<span class=\"_ _0\"></span>ct 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>, a sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>Going concern<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s busines<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, to<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s likel<span class=\"_ _0\"></span>y to af<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n are s<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>egic r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 1 to 6<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any, its c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>bt a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>cilities an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>cilities ar<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 147 to 1<span class=\"_ _6\"></span>5<span class=\"_ _0\"></span>9.<span class=\"_ _2db\"> </span>In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e are f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ails in th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial risk m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d policie<span class=\"_ _0\"></span>s in not<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>. At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f 9<span class=\"_ _0\"></span>2% o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e bein<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>ailable he<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>om on f<span class=\"_ _0\"></span>acilitie<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>5 mill<span class=\"_ _6\"></span>ion an<span class=\"_ _0\"></span>d \u00a314.<span class=\"_ _2\"></span>1 million of c<span class=\"_ _0\"></span>ash an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>ting n<span class=\"_ _0\"></span>et de<span class=\"_ _0\"></span>bt o<span class=\"_ _0\"></span>f \u00a3132<span class=\"_ _0\"></span>.8 million. Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, the Gr<span class=\"_ _0\"></span>oup s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a ne<span class=\"_ _0\"></span>w fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>y of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 million, split b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n a RC<span class=\"_ _0\"></span>F of \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>10 mill<span class=\"_ _6\"></span>ion and a t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m lo<span class=\"_ _0\"></span>an of \u00a3<span class=\"_ _1\"></span>90 million, for a t<span class=\"_ _0\"></span>enur<span class=\"_ _0\"></span>e of f<span class=\"_ _0\"></span>our y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> to M<span class=\"_ _0\"></span>ay 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6. Un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ew a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he minimu<span class=\"_ _0\"></span>m liquidit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ant o<span class=\"_ _0\"></span>f \u00a310 mill<span class=\"_ _6\"></span>ion te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ained u<span class=\"_ _0\"></span>ntil No<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. F<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 (and t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d qua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>) th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t suit<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f ne<span class=\"_ _0\"></span>t deb<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o EB<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA (lev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age) an<span class=\"_ _0\"></span>d EB<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA to n<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>ee f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ails in No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>3.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as mo<span class=\"_ _0\"></span>delled f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s for t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oing c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>o 2<span class=\"_ _0\"></span>9 Jun<span class=\"_ _0\"></span>e 20<span class=\"_ _1\"></span>2<span class=\"_ _6\"></span>4, ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>o s<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios, t<span class=\"_ _0\"></span>he \u2018<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019 and th<span class=\"_ _0\"></span>e \u2018<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>side c<span class=\"_ _0\"></span>ase\u2019<span class=\"_ _6\"></span>. Th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24 bud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t as well as t<span class=\"_ _0\"></span>he Q1 F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5 plan w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h for<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee ye<span class=\"_ _0\"></span>ar plan. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s will con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er, in par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icular in C<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>al L<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>on. H<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er, the bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>mains c<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>tiou<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y env<span class=\"_ _0\"></span>iro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd also t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>umer a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e onl<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>s mo<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te le<span class=\"_ _0\"></span>vels o<span class=\"_ _0\"></span>f volum<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th as w<span class=\"_ _0\"></span>ell as co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e on m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it w<span class=\"_ _0\"></span>ill have s<span class=\"_ _0\"></span>uf<span class=\"_ _1\"></span>ficien<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinue t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le it<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>all due and o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>ell wit<span class=\"_ _0\"></span>hin it<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e going c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as also mo<span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span>d a \u2018<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>side c<span class=\"_ _0\"></span>ase\u2019 w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at s<span class=\"_ _0\"></span>ales v<span class=\"_ _0\"></span>olum<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>y 10% fro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he \u2018<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019 and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s acr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>od, s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>f and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ue to r<span class=\"_ _0\"></span>ise. T<span class=\"_ _0\"></span>his m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el also as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ain st<span class=\"_ _0\"></span>rike<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mor<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ed in F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3. In t<span class=\"_ _0\"></span>his \u2018<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>nside c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019<span class=\"_ _2\"></span>, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>ould imp<span class=\"_ _0\"></span>leme<span class=\"_ _0\"></span>nt mitig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ad co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y spen<span class=\"_ _0\"></span>d to e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tial m<span class=\"_ _0\"></span>ainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e. Und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>his sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ould s<span class=\"_ _0\"></span>till hav<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icien<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s to s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tle liabilities as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y fall du<span class=\"_ _0\"></span>e and h<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>om o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh t<span class=\"_ _0\"></span>he dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as also p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d a \u2018rev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019 w<span class=\"_ _0\"></span>hich sh<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p could w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d a 24% redu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion in v<span class=\"_ _0\"></span>olume<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he \u2018b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>se\u2019 t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e going c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d, as well as c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase a<span class=\"_ _0\"></span>t a similar or high<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>an t<span class=\"_ _0\"></span>he do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>nside s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio, be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t lev<span class=\"_ _0\"></span>els would b<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 31 Mar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider t<span class=\"_ _0\"></span>his sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e as o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s wa<span class=\"_ _0\"></span>s clos<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emic, it h<span class=\"_ _0\"></span>as ne<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>en vo<span class=\"_ _0\"></span>lume<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>cline at an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Und<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se an<span class=\"_ _0\"></span>d do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>nside s<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>elled, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ould h<span class=\"_ _0\"></span>ave s<span class=\"_ _0\"></span>uf<span class=\"_ _1\"></span>ficien<span class=\"_ _0\"></span>t he<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>m on i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>acilitie<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he goin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ionally, under t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re ar<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as in it<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol to ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A or re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ce net d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in c<span class=\"_ _0\"></span>ape<span class=\"_ _0\"></span>x sp<span class=\"_ _0\"></span>end t<span class=\"_ _0\"></span>o onl<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al maint<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>n no<span class=\"_ _0\"></span>t to p<span class=\"_ _0\"></span>ay di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>onu<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> would als<span class=\"_ _0\"></span>o inclu<span class=\"_ _0\"></span>de disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als of lice<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d unlice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e also de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mined t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>, ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oing c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e of climat<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er du<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs ar<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is a re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>able ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as ade<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inue in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he goin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d to 2<span class=\"_ _0\"></span>9 Ju<span class=\"_ _0\"></span>ne 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24, and h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore a<span class=\"_ _0\"></span>dop<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oing c<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n basis in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs6d\">Significant accounting judgements<span class=\"_ _0\"></span>, estim<span class=\"_ _0\"></span>ates and assump<span class=\"_ _0\"></span>tions<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs6e\">T<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs6f\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mines w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will is imp<span class=\"_ _0\"></span>aired o<span class=\"_ _0\"></span>n an an<span class=\"_ _0\"></span>nual b<span class=\"_ _0\"></span>asis an<span class=\"_ _0\"></span>d this r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uires a<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g unit<span class=\"_ _0\"></span>s (\u201cCG<span class=\"_ _0\"></span>Us\u201d) </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs70\">to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will is alloca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his inv<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cho<span class=\"_ _0\"></span>osin<span class=\"_ _0\"></span>g a suit<span class=\"_ _0\"></span>able dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Full de<span class=\"_ _0\"></span>tails ar<span class=\"_ _0\"></span>e sup<span class=\"_ _0\"></span>plied in no<span class=\"_ _0\"></span>te 13, </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs71\">to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e key a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs72\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of all pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t CG<span class=\"_ _0\"></span>U lev<span class=\"_ _0\"></span>el w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is any in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs73\">re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e in use an<span class=\"_ _0\"></span>d inv<span class=\"_ _0\"></span>olv<span class=\"_ _0\"></span>es e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>osing a s<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>able dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ee n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 13, which d<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs74\">th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed, t<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs75\">Me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsion o<span class=\"_ _0\"></span>bliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, as w<span class=\"_ _0\"></span>ell as mor<span class=\"_ _1\"></span>talit<span class=\"_ _1\"></span>y rat<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n on </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs76\">ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a sui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d on ad<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s qualifie<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. The e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs77\">key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ided in n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>2. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs78\">T<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs79\">Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent is u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at s<span class=\"_ _0\"></span>hould b<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o allow a be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding of t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs7a\">th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up. T<span class=\"_ _0\"></span>he ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er an i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m is of a na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is no<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h nor<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s or of s<span class=\"_ _0\"></span>uf<span class=\"_ _1\"></span>ficien<span class=\"_ _0\"></span>t size or<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs7b\">inf<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y. See no<span class=\"_ _0\"></span>te 5 f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls32 ws1 gs7c\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liabilities in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs7d\">Signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k value o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs7e\">initial r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n app<span class=\"_ _0\"></span>lies, th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e on s<span class=\"_ _0\"></span>ale (w<span class=\"_ _0\"></span>hich is s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>o ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x law<span class=\"_ _0\"></span>) and t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of in<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs7f\">los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s again<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gains w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d again<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd gain<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws31 gs80\">Basis of consolidation<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs81\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies it c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rols (i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s) dra<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n up fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs82\">5<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s end<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ded 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2). S<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>eir ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>n w<span class=\"_ _0\"></span>hich </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs83\">th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol, and co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue t<span class=\"_ _0\"></span>o be c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>solida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>til th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol ce<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es. C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rol c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>r to dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs84\">of t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y whic<span class=\"_ _0\"></span>h signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y, so as to o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, and is a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t or in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs85\">ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip of vo<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tly e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ible po<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>; or by w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y of co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. All in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs86\">tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding u<span class=\"_ _0\"></span>nre<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>em, ar<span class=\"_ _0\"></span>e elimina<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls86 ws1d gs87\">Business combinations and<span class=\"_ _6\"></span> goodwill<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs88\">Busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 3 B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mbina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns usin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od. A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs89\">co<span class=\"_ _0\"></span>mbina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ove<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s inter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iable a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, liabilitie<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t liabilities is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs8a\">goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will and is n<span class=\"_ _0\"></span>ot am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. T<span class=\"_ _6\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s identi<span class=\"_ _0\"></span>fiab<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, liabilitie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t liabilitie<span class=\"_ _0\"></span>s is gre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs8b\">th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, a gain is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs8c\">A<span class=\"_ _0\"></span>ny c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o be t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uirer w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue at t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n dat<span class=\"_ _0\"></span>e. C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs8d\">equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is n<span class=\"_ _0\"></span>ot r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d and i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tleme<span class=\"_ _0\"></span>nt is ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>thin e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied as a<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>r liabilit<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is a </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs8e\">fina<span class=\"_ _0\"></span>ncial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e of IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 9 F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>air value w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in f<span class=\"_ _0\"></span>air value r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs8f\">of pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 9. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>at is n<span class=\"_ _0\"></span>ot w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e of I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 is m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at f<span class=\"_ _0\"></span>air value a<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>ach r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ting da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs90\">wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in fair value r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs91\">Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will is st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alue b<span class=\"_ _0\"></span>eing r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, at le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs92\">annu<span class=\"_ _0\"></span>ally and w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ver e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue ma<span class=\"_ _0\"></span>y be im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aired<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will made c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>t be </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs93\">reversed if<span class=\"_ _6\"></span> ci<span class=\"_ _6\"></span>rcumstances su<span class=\"_ _6\"></span>bsequently<span class=\"_ _6\"></span> chang<span class=\"_ _6\"></span>e. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs94\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e of im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill is al<span class=\"_ _6\"></span>loc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s (or gro<span class=\"_ _0\"></span>up of C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s) monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs95\">of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU is les<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>han i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, includin<span class=\"_ _0\"></span>g go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill<span class=\"_ _6\"></span>, an imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs96\">T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill alloca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to a C<span class=\"_ _0\"></span>GU is t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>o ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU, or of a<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin it<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gs98\">Proper<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, plant and equipment<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs99\">Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t or d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st le<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cumula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and an<span class=\"_ _0\"></span>y imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in value. D<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tion is c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs9a\">st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line b<span class=\"_ _0\"></span>asis t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t to t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>sidu<span class=\"_ _0\"></span>al value o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d use<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul life of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs9b\">Fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>hold buildin<span class=\"_ _0\"></span>gs \u2013 Ho<span class=\"_ _0\"></span>tel a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d of<span class=\"_ _1\"></span>fice<span class=\"_ _0\"></span>s<span class=\"_ _1c1\"> </span>Up to 5<span class=\"_ _1\"></span>0 year<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs9c\">Fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>hold buildin<span class=\"_ _0\"></span>gs \u2013 Li<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ail pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y and unlice<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _33\"> </span>Fr<span class=\"_ _0\"></span>om 5<span class=\"_ _0\"></span>0 t<span class=\"_ _0\"></span>o 100 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls12 wsf gs9d\">Leasehold improvement<span class=\"_ _0\"></span>s<span class=\"_ _1c2\"> </span><span class=\"lsb ws1\">T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws16 gs9e\">Roofs<span class=\"_ _1c3\"> </span><span class=\"lsb ws1\">Fr<span class=\"_ _0\"></span>om 10 to 5<span class=\"_ _0\"></span>0 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs9f\">Plan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, mac<span class=\"_ _0\"></span>hiner<span class=\"_ _1\"></span>y and v<span class=\"_ _0\"></span>ehicle<span class=\"_ _0\"></span>s, fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gs<span class=\"_ _19\"> </span>Fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s up t<span class=\"_ _0\"></span>o 25 y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa0\">As r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 16 Pro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, Plant an<span class=\"_ _0\"></span>d Eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul liv<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>sidu<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d ev<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>y year. Lan<span class=\"_ _0\"></span>d is no<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>em </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa1\">of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and a<span class=\"_ _0\"></span>ny signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t ini<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d is der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (i.e., at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cipie<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol) or </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa2\">wh<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om it<span class=\"_ _0\"></span>s u<span class=\"_ _0\"></span>se or dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal. A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y gain or lo<span class=\"_ _0\"></span>ss ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>he dif<span class=\"_ _1\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa3\">be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e net dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>) is includ<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et is de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gsa4\">Govern<span class=\"_ _0\"></span>ment gran<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa5\">Gov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>til th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble as<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up w<span class=\"_ _0\"></span>ill compl<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m and t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa6\">will be r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Gov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s on a s<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ic ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>ds in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es as e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa7\">rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d to c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>te. W<span class=\"_ _1\"></span>hen th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me in e<span class=\"_ _0\"></span>qual am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsa8\">ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul life o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> </div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 lsd ws9 gsa9\">Coro<span class=\"_ _0\"></span>navirus Job Ret<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ion Scheme (\u201cCJR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>\u201d) </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsaa\">In th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ior y<span class=\"_ _0\"></span>ear, HMRC r<span class=\"_ _0\"></span>eimb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d up to 8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f cer<span class=\"_ _1\"></span>tain em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho h<span class=\"_ _0\"></span>ad b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ske<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>p wo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>ing, b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>eing ke<span class=\"_ _0\"></span>pt o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ll </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsab\">(\u201c<span class=\"_ _0\"></span>fur<span class=\"_ _0\"></span>lou<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>d\u201d<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e was d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>ned t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, s<span class=\"_ _0\"></span>o amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsac\">th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y rela<span class=\"_ _0\"></span>te. I<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>roll co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f gr<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws31 gsad\">Hive<span class=\"_ _0\"></span>-up transact<span class=\"_ _0\"></span>ion<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsae\">W<span class=\"_ _0\"></span>hen a s<span class=\"_ _0\"></span>ubsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s busine<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s to it<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t imme<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n (hiv<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>up t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n) th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsaf\">inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f a re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rn o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m of t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing n<span class=\"_ _0\"></span>et as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ny di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>aken t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e mer<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gsb0\">Inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t proper<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb1\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ns pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are n<span class=\"_ _0\"></span>ot us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale of g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s bu<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e held f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion or r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb2\">classi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>eir car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alues a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. D<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aigh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis to w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb3\">dow<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>dual v<span class=\"_ _0\"></span>alue ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul life o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h fo<span class=\"_ _0\"></span>r inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties is be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n 5<span class=\"_ _0\"></span>0 an<span class=\"_ _0\"></span>d 100 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls7b ws7a gsb4\">Int<span class=\"_ _0\"></span>angible asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb5\">Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d in a busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is th<span class=\"_ _0\"></span>eir </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb6\">fair valu<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Follo<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g initial r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion, int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>st l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s any a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb7\">imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>es, ex<span class=\"_ _0\"></span>cludin<span class=\"_ _0\"></span>g cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alised d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, are n<span class=\"_ _0\"></span>ot c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alised an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb8\">in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e is inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ful liv<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fini<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>r inde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsb9\">Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>e live<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic lif<span class=\"_ _0\"></span>e and as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d for im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsba\">ass<span class=\"_ _0\"></span>et m<span class=\"_ _0\"></span>ay b<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r an in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a fini<span class=\"_ _0\"></span>te us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul life a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t at t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>nd of </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls12 wsf gsbb\">each repor<span class=\"_ _0\"></span>ting period.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsbc\">Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>finit<span class=\"_ _0\"></span>e us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul live<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t amor<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d, bu<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nnually, eith<span class=\"_ _0\"></span>er indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ually or a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>GU lev<span class=\"_ _0\"></span>el. T<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsbd\">of ind<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>e life is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>nually t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e inde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te lif<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. If n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in use<span class=\"_ _0\"></span>ful lif<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>finit<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsbe\">finit<span class=\"_ _0\"></span>e is ma<span class=\"_ _0\"></span>de on a p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsbf\">A<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t is der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (i.e., at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cipie<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol) or w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n no f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m it<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsc0\">or disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al. A<span class=\"_ _0\"></span>ny gain o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g up<span class=\"_ _0\"></span>on de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t (calcula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsc1\">th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>) is inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls16 ws12 gsc2\">Researc<span class=\"_ _6\"></span>h an<span class=\"_ _6\"></span>d develo<span class=\"_ _6\"></span>pment cost<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls14 ws1 gsc3\">Res<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d. De<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s on an in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idual p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>an d<span class=\"_ _0\"></span>emo<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gsc4\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cal f<span class=\"_ _0\"></span>easibilit<span class=\"_ _1\"></span>y of co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t so t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t will be av<span class=\"_ _0\"></span>ailable fo<span class=\"_ _0\"></span>r use o<span class=\"_ _0\"></span>r sale<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gsc5\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o use o<span class=\"_ _0\"></span>r sell t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gsc6\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">H<span class=\"_ _0\"></span>ow t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>ill gener<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gsc7\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>ailabilit<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gsc8\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e abilit<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eliably t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e durin<span class=\"_ _0\"></span>g de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsca\">Fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure a<span class=\"_ _0\"></span>s an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>ny ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gscb\">imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>gins w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>plet<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et is a<span class=\"_ _0\"></span>vailable f<span class=\"_ _0\"></span>or us<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d will be am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tised o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gscc\">of ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed in op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et is t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t annu<span class=\"_ _0\"></span>ally.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsd ws9 gscd\">Cloud Compu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing Ar<span class=\"_ _0\"></span>rangement cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsce\">Clou<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s in w<span class=\"_ _0\"></span>hich a cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er do<span class=\"_ _0\"></span>es n<span class=\"_ _0\"></span>ot ha<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g so<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ware a<span class=\"_ _0\"></span>nd us<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he so<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>war<span class=\"_ _0\"></span>e on an as<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>asis. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gscf\">Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cloud c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>n be r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as an in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>an de<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ult<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd0\">sof<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>er to o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain s<span class=\"_ _0\"></span>ole fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>of<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>rs\u2019 a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd1\">W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ria c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>not b<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sof<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re is a s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd2\">det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat a c<span class=\"_ _0\"></span>loud c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is a ser<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en it r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en it r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 ws91 gsd3\">Impairmen<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd4\">Ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>f ev<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et m<span class=\"_ _0\"></span>ay n<span class=\"_ _0\"></span>ot b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le. If s<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h an indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls32 ws1 gsd5\">th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alues e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or C<span class=\"_ _0\"></span>GUs a<span class=\"_ _0\"></span>re w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>heir r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd6\">is th<span class=\"_ _0\"></span>e gre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ter o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to s<span class=\"_ _0\"></span>ell and t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in use. I<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ssing v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd7\">using a p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hat r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ime v<span class=\"_ _0\"></span>alue of m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>y and r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mining f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd8\">les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al, rec<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>ken in<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. If n<span class=\"_ _0\"></span>o suc<span class=\"_ _0\"></span>h tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied, an a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n mo<span class=\"_ _0\"></span>del is us<span class=\"_ _0\"></span>ed. F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsd9\">an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te la<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ely in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>ash in<span class=\"_ _0\"></span>flo<span class=\"_ _0\"></span>ws, t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt is de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mined f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>malles<span class=\"_ _0\"></span>t C<span class=\"_ _0\"></span>GUs t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>long<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsda\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n on mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely f<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>ach </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsdb\">of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s CGUs t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idual as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e bud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ions g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of t<span class=\"_ _1\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. A lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsdc\">gro<span class=\"_ _0\"></span>w<span class=\"_ _1\"></span>th ra<span class=\"_ _0\"></span>te is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>lied to p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>d ye<span class=\"_ _0\"></span>ar.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsdd\">Fo<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcludin<span class=\"_ _0\"></span>g go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill<span class=\"_ _6\"></span>, an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is mad<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>por<span class=\"_ _1\"></span>ting d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e to de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is an in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>at p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls69 ws1 gsde\">los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r exis<span class=\"_ _0\"></span>t or h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. If s<span class=\"_ _0\"></span>uch in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s or C<span class=\"_ _0\"></span>GU\u2019s rec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. A pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iousl<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsdf\">los<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>nly i<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>ere h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a chan<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt sin<span class=\"_ _0\"></span>ce t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e las<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s was<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse0\">re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>al is limite<span class=\"_ _0\"></span>d so t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t, n<span class=\"_ _0\"></span>or ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse1\">would h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mined<span class=\"_ _0\"></span>, net o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, had n<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et in p<span class=\"_ _0\"></span>rior y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse2\">Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d any r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f suc<span class=\"_ _0\"></span>h los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls16 wsf gse3\">Leases<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse4\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s at c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>cep<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er a c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t is, or c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains, a le<span class=\"_ _0\"></span>ase. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at is, i<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rol t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e use o<span class=\"_ _0\"></span>f an ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse5\">ass<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>or a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of t<span class=\"_ _0\"></span>ime in ex<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e for c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gse6\">Gr<span class=\"_ _0\"></span>oup as a l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ee<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse7\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ap<span class=\"_ _0\"></span>plies a sin<span class=\"_ _0\"></span>gle re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ch fo<span class=\"_ _0\"></span>r all leas<span class=\"_ _0\"></span>es, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t for s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s and le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f low v<span class=\"_ _0\"></span>alue as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gse8\">re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities t<span class=\"_ _0\"></span>o mak<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to u<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls7f ws82 gse9\">a)<span class=\"_ _2\"></span> <span class=\"_ _a\"> </span>Rig<span class=\"_ _6\"></span>ht-of-u<span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> a<span class=\"_ _6\"></span>ssets<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsea\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase (i.e., t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t is av<span class=\"_ _0\"></span>ailable fo<span class=\"_ _0\"></span>r use). Ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gseb\">are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, and a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for a<span class=\"_ _0\"></span>ny r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t of r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>f-<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsec\">use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt o<span class=\"_ _0\"></span>f lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed, ini<span class=\"_ _0\"></span>tial dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s incur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed, a<span class=\"_ _0\"></span>nd le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e at o<span class=\"_ _0\"></span>r be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsed\">any le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d. Righ<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>f-us<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aigh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls16 ws12 gsee\">b)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Lease lia<span class=\"_ _6\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsef\">At th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s leas<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t v<span class=\"_ _0\"></span>alue of le<span class=\"_ _0\"></span>ase p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf0\">ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>xed p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s any le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble, var<span class=\"_ _0\"></span>iable l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d on an in<span class=\"_ _0\"></span>dex o<span class=\"_ _0\"></span>r a ra<span class=\"_ _0\"></span>te, an<span class=\"_ _0\"></span>d am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf1\">ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>aid und<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>esidu<span class=\"_ _0\"></span>al value gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s. Var<span class=\"_ _0\"></span>iable le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>o not d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end o<span class=\"_ _0\"></span>n an ind<span class=\"_ _0\"></span>ex or a r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es in t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf2\">per<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t or c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>rig<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt als<span class=\"_ _0\"></span>o includ<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cise p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f a pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>y </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf3\">cer<span class=\"_ _1\"></span>tain t<span class=\"_ _0\"></span>o be e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up and p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>altie<span class=\"_ _0\"></span>s for t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g a lea<span class=\"_ _0\"></span>se, if t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf4\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sions t<span class=\"_ _0\"></span>o lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n it is r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y cer<span class=\"_ _1\"></span>tain t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion is goin<span class=\"_ _0\"></span>g to b<span class=\"_ _0\"></span>e exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf5\">In cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alue of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up us<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf6\">implicit in t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e is no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>adily de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>minable<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities is r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d if t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re is a m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion, a c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf7\">or a ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (e.g., ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m a ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in an ind<span class=\"_ _0\"></span>ex or r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e us<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e suc<span class=\"_ _0\"></span>h lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsf8\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s lease liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h, Bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs an<span class=\"_ _0\"></span>d Net D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t (see n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 21<span class=\"_ _6\"></span>).<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 lsb ws1 gsfa\">c) <span class=\"_ _b\"> </span>Sho<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>t-t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f lo<span class=\"_ _0\"></span>w val<span class=\"_ _0\"></span>ue as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsfb\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ap<span class=\"_ _0\"></span>plies t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m lea<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nitio<span class=\"_ _0\"></span>n exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt (i.e., t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at ha<span class=\"_ _0\"></span>ve a le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>rm o<span class=\"_ _0\"></span>f 12 mont<span class=\"_ _0\"></span>hs or<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsfc\">les<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and d<span class=\"_ _0\"></span>o not c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain a pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion). I<span class=\"_ _0\"></span>t also a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e of lo<span class=\"_ _0\"></span>w v<span class=\"_ _0\"></span>alue ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es of o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsfd\">equip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be l<span class=\"_ _0\"></span>ow v<span class=\"_ _0\"></span>alue. L<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s on s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f low v<span class=\"_ _0\"></span>alue as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gsfe\">line basis o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gsff\">Gr<span class=\"_ _0\"></span>oup as a l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>or<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb wsad gs100\">Le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tially all th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds in<span class=\"_ _0\"></span>cide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al to o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip of an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Ren<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs101\">inc<span class=\"_ _0\"></span>ome a<span class=\"_ _0\"></span>rising is a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line b<span class=\"_ _0\"></span>asis ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>s and is in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t due t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>s op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs102\">A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s held f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r sal<span class=\"_ _0\"></span>e and d<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>ions<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs103\">As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e classi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as he<span class=\"_ _0\"></span>ld for s<span class=\"_ _0\"></span>ale w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>ally t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh a s<span class=\"_ _0\"></span>ale t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ra<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinuin<span class=\"_ _0\"></span>g use<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs104\">for h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed as m<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>nly w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e sale is hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le and t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>r dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al gro<span class=\"_ _0\"></span>up is av<span class=\"_ _0\"></span>ailable for im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>e sale in i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs105\">pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion. A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale sh<span class=\"_ _0\"></span>ould indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at it is u<span class=\"_ _0\"></span>nlikely t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale will be m<span class=\"_ _0\"></span>ade o<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs106\">to s<span class=\"_ _0\"></span>ell will be wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>n. M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t mus<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mmit<span class=\"_ _1\"></span>ted t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e plan t<span class=\"_ _0\"></span>o sell t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e sale e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>ear f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs107\">of t<span class=\"_ _0\"></span>he clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs108\">As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale ar<span class=\"_ _0\"></span>e value<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he lo<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>r of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell. No d<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion is ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d whils<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs109\">held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs10a\">In ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 5 Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s H<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r Sale an<span class=\"_ _0\"></span>d Disc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions ar<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs10b\">in th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (fo<span class=\"_ _0\"></span>r w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed)<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ional dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>te 19. All ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs10c\">not<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinuing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, unle<span class=\"_ _0\"></span>ss in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>wise.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 ws91 gs10d\">Inven<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs10e\">Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he low<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>st a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ealisa<span class=\"_ _0\"></span>ble value<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t is calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he \u201c<span class=\"_ _6\"></span>Avera<span class=\"_ _0\"></span>ge Weigh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t\u201d m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d. Ne<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ealisa<span class=\"_ _0\"></span>ble value is<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs10f\">th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>elling pri<span class=\"_ _0\"></span>ce in t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e of bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s le<span class=\"_ _0\"></span>ss e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d in mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g, s<span class=\"_ _0\"></span>elling and </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs110\">dist<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls86 ws1d gs111\">F<span class=\"_ _0\"></span>inanc<span class=\"_ _6\"></span>ial<span class=\"_ _6\"></span> inst<span class=\"_ _0\"></span>rumen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls33 ws31 gs112\">Init<span class=\"_ _0\"></span>ial recognition and derec<span class=\"_ _6\"></span>ognit<span class=\"_ _0\"></span>ion </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs113\">A fina<span class=\"_ _0\"></span>ncial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt is an<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at gi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s ris<span class=\"_ _0\"></span>e to a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t of o<span class=\"_ _0\"></span>ne en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilit<span class=\"_ _0\"></span>y or e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y inst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt of a<span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er en<span class=\"_ _0\"></span>tit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs114\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancial liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es a p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y to t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>visio<span class=\"_ _0\"></span>ns of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs115\">ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>ws f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pire, or w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t and su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tially all th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs116\">and r<span class=\"_ _0\"></span>ew<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed. A f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilit<span class=\"_ _0\"></span>y is de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en it is e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guishe<span class=\"_ _0\"></span>d, dis<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed, c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>celle<span class=\"_ _0\"></span>d or ex<span class=\"_ _0\"></span>pir<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls94 ws7b gs117\">Fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws31 gs118\">Recognit<span class=\"_ _0\"></span>ion and<span class=\"_ _6\"></span> measurement<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs119\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied, a<span class=\"_ _0\"></span>t initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion, as su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t, f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me (\u201cOC<span class=\"_ _0\"></span>I\u201d) a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs11a\">fair valu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nds o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs11b\">and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s busine<span class=\"_ _0\"></span>ss m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l for m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>cep<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t do no<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain a signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>r for w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs11c\">th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cal e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dient<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ini<span class=\"_ _0\"></span>tially me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t it<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>air value plus, in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t at f<span class=\"_ _0\"></span>air value </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs11d\">thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. Trade r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t do no<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice in<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs11e\">ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h IF<span class=\"_ _0\"></span>RS 15. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs11f\">T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gor<span class=\"_ _0\"></span>ies in<span class=\"_ _0\"></span>to w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ies i<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs120\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tised c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>: A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e held fo<span class=\"_ _0\"></span>r colle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s, wh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t solel<span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipal an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, are<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs121\">me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is includ<span class=\"_ _0\"></span>ed in f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me usin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y gain or </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs122\">los<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g on de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er gains<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s) tog<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs123\">Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te line i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m in th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s cash an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs124\">fall int<span class=\"_ _0\"></span>o this c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. </div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs125\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh O<span class=\"_ _0\"></span>CI (\u201cF<span class=\"_ _1\"></span>VO<span class=\"_ _0\"></span>CI\u201d<span class=\"_ _0\"></span>): A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e held f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>ollec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d for s<span class=\"_ _0\"></span>elling th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s\u2019 ca<span class=\"_ _0\"></span>sh </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs126\">flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>olely p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al and in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t, ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _1\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>ken t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h OC<span class=\"_ _0\"></span>I and w<span class=\"_ _0\"></span>ill be </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs127\">re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ycle<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs128\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s (\u201cF<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>\u201d): A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>o not m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eria f<span class=\"_ _0\"></span>or am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>r F<span class=\"_ _1\"></span>VOC<span class=\"_ _0\"></span>I are m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. A g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss on a d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs129\">inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at is su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>thin o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er gain<span class=\"_ _0\"></span>s/<span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s) in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h it ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls1 ws1 gs12b\">Impair<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs12c\">IF<span class=\"_ _0\"></span>RS 9<span class=\"_ _0\"></span>\u2019s impair<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>re f<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>war<span class=\"_ _0\"></span>d-<span class=\"_ _0\"></span>look<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s \u2013 t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss (\u201cE<span class=\"_ _0\"></span>CL<span class=\"_ _2\"></span>\u201d<span class=\"_ _0\"></span>) mo<span class=\"_ _0\"></span>del. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs12d\">Re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es is n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ger d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>if<span class=\"_ _1\"></span>ying a cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ad, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s a b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>r ra<span class=\"_ _0\"></span>nge o<span class=\"_ _0\"></span>f </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs12e\">info<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edit l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, includin<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble and s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tab<span class=\"_ _0\"></span>le </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs12f\">for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs130\">W<span class=\"_ _0\"></span>hen a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sing imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s applie<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e simplif<span class=\"_ _0\"></span>ied ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ach t<span class=\"_ _0\"></span>o ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es as p<span class=\"_ _0\"></span>er I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs131\">T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>del f<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s on an a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rais<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t a re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble will de<span class=\"_ _0\"></span>fault r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a los<span class=\"_ _0\"></span>s has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his inv<span class=\"_ _0\"></span>olv<span class=\"_ _0\"></span>es an u<span class=\"_ _0\"></span>nbias<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs132\">of a r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>sible ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>heir p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilities of o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, an<span class=\"_ _0\"></span>d is supp<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>te<span class=\"_ _0\"></span>d by p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>erie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of c<span class=\"_ _0\"></span>ollec<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as w<span class=\"_ _0\"></span>ell as chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs133\">ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>hat c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ault o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ially de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s hist<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs134\">ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce, a<span class=\"_ _0\"></span>ny fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-loo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic to a p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ticular t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs135\">T<span class=\"_ _0\"></span>he timin<span class=\"_ _0\"></span>g of init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion f<span class=\"_ _0\"></span>or imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es is t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs136\">in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e poin<span class=\"_ _0\"></span>t a tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able is w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>r as un<span class=\"_ _0\"></span>colle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st is c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs137\">allowan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>y sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ies of a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viou<span class=\"_ _0\"></span>sly w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs138\">In th<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny, amount<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>heir o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt le<span class=\"_ _0\"></span>ss allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>L </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs139\">mo<span class=\"_ _0\"></span>del. In de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mining th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>del, t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e net a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s av<span class=\"_ _0\"></span>ailable to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsd6 wsad gs13a\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws31 gs13b\">Recognit<span class=\"_ _0\"></span>ion and<span class=\"_ _6\"></span> measurement<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls6a ws1 gs13c\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied, a<span class=\"_ _0\"></span>t initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion, as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilitie<span class=\"_ _0\"></span>s at f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss, l<span class=\"_ _0\"></span>oan<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings, p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yabl<span class=\"_ _0\"></span>es or a<span class=\"_ _0\"></span>s der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs13d\">desig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in a<span class=\"_ _0\"></span>n ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge, as a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs13e\">All fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial liabilities ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised ini<span class=\"_ _0\"></span>tially a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue and, in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>e of lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ings an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s, net o<span class=\"_ _0\"></span>f dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y at<span class=\"_ _1\"></span>tribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs13f\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial liabilities in<span class=\"_ _0\"></span>clude t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>bles, lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings in<span class=\"_ _0\"></span>cluding b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k ov<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls88 wsbb gs140\">le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs141\">Fo<span class=\"_ _0\"></span>r pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied in t<span class=\"_ _1\"></span>wo ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs142\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilitie<span class=\"_ _0\"></span>s at f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y at f<span class=\"_ _0\"></span>air value w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h g<span class=\"_ _0\"></span>ains or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs143\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilitie<span class=\"_ _0\"></span>s at am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st (lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs) w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs144\">Ban<span class=\"_ _0\"></span>k lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>s and d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs145\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ank lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s, ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ben<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e initially r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d, ne<span class=\"_ _0\"></span>t of dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span>sue c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er at </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs146\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>ct is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for o<span class=\"_ _0\"></span>n an e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs147\">ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>asis in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>ey ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs148\">in whic<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>hey a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls86 ws1d gs149\">Of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of financia<span class=\"_ _6\"></span>l instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls125 ws1 gs14a\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancial liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t and t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>solida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n if t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is a cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly e<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs14b\">leg<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le on a ne<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>asis, to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>alise th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>he liabilitie<span class=\"_ _0\"></span>s simult<span class=\"_ _0\"></span>ane<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs14c\">Der<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>ive f<span class=\"_ _1\"></span>inancia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s and hed<span class=\"_ _0\"></span>ge accou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls33 ws31 gs14d\">Recognit<span class=\"_ _0\"></span>ion and<span class=\"_ _6\"></span> measurement<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs14e\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup us<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s to he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>ks. S<span class=\"_ _0\"></span>uch d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e initially r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs14f\">on w<span class=\"_ _0\"></span>hich a d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct is e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to an<span class=\"_ _0\"></span>d are s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>quen<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d at f<span class=\"_ _0\"></span>air value. D<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs150\">is po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>nd as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilitie<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value is n<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs151\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e of h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>lassi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs152\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>air value h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>o cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of a r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or liabilit<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>r an unr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs153\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure t<span class=\"_ _0\"></span>o va<span class=\"_ _0\"></span>riabilit<span class=\"_ _1\"></span>y in cash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is eit<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to a p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ticular r<span class=\"_ _0\"></span>isk as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs154\">or liabilit<span class=\"_ _0\"></span>y or a hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ble fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion or t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy r<span class=\"_ _0\"></span>isk in an u<span class=\"_ _0\"></span>nre<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs155\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges o<span class=\"_ _0\"></span>f a ne<span class=\"_ _0\"></span>t inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a fo<span class=\"_ _0\"></span>reign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs156\">At th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nship, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>mally de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd do<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip to w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>t wis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>s to ap<span class=\"_ _0\"></span>ply h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs157\">and t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e and s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs159\">T<span class=\"_ _0\"></span>he do<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n inclu<span class=\"_ _0\"></span>des id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em, t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>eing he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>w th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up will as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ss </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs15a\">wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dging r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ship me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cluding t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>naly<span class=\"_ _0\"></span>sis of s<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f he<span class=\"_ _0\"></span>dge in<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd ho<span class=\"_ _0\"></span>w t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs15b\">ra<span class=\"_ _0\"></span>tio is de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mined<span class=\"_ _0\"></span>). A he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nship qu<span class=\"_ _0\"></span>alifie<span class=\"_ _0\"></span>s for h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting i<span class=\"_ _0\"></span>f it m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts all of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>ing ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs15c\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere is \u201can ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip\u201d bet<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs15d\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t \u201c<span class=\"_ _0\"></span>domin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s\u201d th<span class=\"_ _0\"></span>at r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c rela<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ship<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs15e\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io of t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip is the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e as t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e qua<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ually h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs15f\">quan<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dging in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ually u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s to he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tit<span class=\"_ _1\"></span>y of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs160\">He<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t all the q<span class=\"_ _0\"></span>ualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ia fo<span class=\"_ _0\"></span>r he<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g are a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>, as de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>elow.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs161\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion of c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue of de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs162\">are d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>y as c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ve wi<span class=\"_ _0\"></span>thin e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. Th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he ine<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion is </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs163\">re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed imm<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ly in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin ot<span class=\"_ _0\"></span>her g<span class=\"_ _0\"></span>ains/<span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es). A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iousl<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed in e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs164\">are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>classi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d to p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame line a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m. I<span class=\"_ _0\"></span>f ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs165\">ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing is dis<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ued, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>CI m<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t rem<span class=\"_ _0\"></span>ain in ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed O<span class=\"_ _0\"></span>CI if t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>ws a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>till ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs166\">oc<span class=\"_ _0\"></span>cur. Ot<span class=\"_ _0\"></span>her<span class=\"_ _1\"></span>wis<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>ill be imme<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>hen a h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pir<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>r is sold o<span class=\"_ _0\"></span>r </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs167\">ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed, o<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>en a h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eria f<span class=\"_ _0\"></span>or h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e risk m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>emains t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sam<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio is </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs168\">adjus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d so t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e qualif<span class=\"_ _1\"></span>ying cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ia again.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs169\">Cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s as deb<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs16a\">W<span class=\"_ _0\"></span>hen s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d, an<span class=\"_ _0\"></span>y com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t cre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s a fin<span class=\"_ _0\"></span>ancial liabilit<span class=\"_ _1\"></span>y of the C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any o<span class=\"_ _0\"></span>r Gro<span class=\"_ _0\"></span>up is pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as a liabilit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs16b\">initially a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>il ex<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guishe<span class=\"_ _0\"></span>d on c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n or re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ondin<span class=\"_ _0\"></span>g div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs16c\">rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed as in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e initial f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d using<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs16d\">a mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e for an e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt liabilit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ut a c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rsio<span class=\"_ _0\"></span>n fe<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs16e\">T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emain<span class=\"_ _0\"></span>der o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>n issu<span class=\"_ _0\"></span>e is alloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, net of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs16f\">of t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is not r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed in su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs170\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s ordinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es gi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n in no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>5, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal t<span class=\"_ _0\"></span>o </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs171\">co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise i<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al, shar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>emium<span class=\"_ _0\"></span>, cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ve, he<span class=\"_ _0\"></span>dging r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>cumula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs plus i<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs172\">whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n no ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>o be c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al sinc<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ior y<span class=\"_ _0\"></span>ear.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsc6 wsc5 gs173\">Preferenc<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs174\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s pref<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liabilities<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ondin<span class=\"_ _0\"></span>g div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed as in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs175\">Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e at f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls8a ws7d gs176\">Revenue<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs177\">Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 15 upo<span class=\"_ _0\"></span>n applic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs178\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs179\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ls7b ws7a\">Identif<span class=\"_ _0\"></span>y the per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance obli<span class=\"_ _6\"></span>gations i<span class=\"_ _6\"></span>n the contract<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs17a\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ls7b ws7a\">Det<span class=\"_ _0\"></span>ermine the transaction price<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs17b\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice t<span class=\"_ _0\"></span>o ea<span class=\"_ _0\"></span>ch p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs17c\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing a p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d go<span class=\"_ _0\"></span>od or s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e to a cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs17d\">Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d P<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nue p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d, dr<span class=\"_ _0\"></span>ink an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>rink r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s/<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs17e\">ser<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>as tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d, b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e poin<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d or dr<span class=\"_ _0\"></span>ink<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>akes b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>okin<span class=\"_ _0\"></span>gs f<span class=\"_ _0\"></span>or ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs17f\">re<span class=\"_ _0\"></span>quire a d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>osit t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g. A co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabilit<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is rele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue is<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs180\">re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line b<span class=\"_ _0\"></span>asis o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>m oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. A c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>ntil t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>t is c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>e or t<span class=\"_ _0\"></span>he gu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs181\">has o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cupie<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs182\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup also e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ns r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ugh s<span class=\"_ _0\"></span>elling drink t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he T<span class=\"_ _6\"></span>enan<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>ns div<span class=\"_ _0\"></span>ision w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is supp<span class=\"_ _0\"></span>lied to F<span class=\"_ _0\"></span>uller<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s by A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ahi un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g-T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Su<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>y Ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs183\">(\u201cLTSA\u201d). Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up is th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al as it h<span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nsibilit<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t and als<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tor<span class=\"_ _1\"></span>y risk<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs184\">Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 16 w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al inco<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om T<span class=\"_ _6\"></span>enan<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unlice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties. T<span class=\"_ _0\"></span>his is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs185\">basis o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m. S<span class=\"_ _0\"></span>ome r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>ver r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich is b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome g<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at p<span class=\"_ _0\"></span>ub. T<span class=\"_ _0\"></span>his is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs186\">wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is ear<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed. R<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or ma<span class=\"_ _0\"></span>chine in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n ne<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>gs ar<span class=\"_ _0\"></span>e ear<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs188\">Bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs189\">Bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y at<span class=\"_ _1\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>es a su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tial pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>ime to g<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>y for u<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d as </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs18a\">par<span class=\"_ _1\"></span>t of t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>eing cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>his is ap<span class=\"_ _0\"></span>plied t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent is e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to las<span class=\"_ _0\"></span>t in ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s of six m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs18b\">co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ll oth<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>ey o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur. Bor<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs18c\">th<span class=\"_ _0\"></span>at an e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y incur<span class=\"_ _0\"></span>s in co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing of f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls7f ws82 gs18d\">Sep<span class=\"_ _6\"></span>ar<span class=\"_ _6\"></span>ately<span class=\"_ _6\"></span> di<span class=\"_ _6\"></span>sc<span class=\"_ _6\"></span>los<span class=\"_ _6\"></span>ed<span class=\"_ _6\"></span> items<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs18e\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s as s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ce of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rial it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s of in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch, be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs18f\">nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e or e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d inf<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s gi<span class=\"_ _0\"></span>ving r<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>hem, m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>it se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to allow sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s to u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he elem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs190\">fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce in t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>, so as to f<span class=\"_ _0\"></span>acilit<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds in fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ly dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs191\">it<span class=\"_ _0\"></span>ems ar<span class=\"_ _0\"></span>e a ke<span class=\"_ _0\"></span>y elem<span class=\"_ _0\"></span>ent u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>emo<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an alt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls12 wsf gs192\">management comment<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y for the repor<span class=\"_ _0\"></span>ting period.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gs193\">Share<span class=\"_ _0\"></span>-based pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs194\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as an em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve P<span class=\"_ _0\"></span>lan t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s to e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, and a Lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs195\">Inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve P<span class=\"_ _0\"></span>lan t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s to Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s and S<span class=\"_ _0\"></span>enior E<span class=\"_ _1\"></span>xec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ria. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up also is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>s eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs196\">pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es un<span class=\"_ _0\"></span>der ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d and un<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d a Sa<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>gs Re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e Op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs197\">T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s is me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y are </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs198\">gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as an ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>hich en<span class=\"_ _0\"></span>ds on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e on w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ant e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fully e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>itl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs199\">Fair v<span class=\"_ _0\"></span>alue is de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g an ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>ricin<span class=\"_ _0\"></span>g mo<span class=\"_ _0\"></span>del. In v<span class=\"_ _0\"></span>aluing eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, no a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n of an<span class=\"_ _0\"></span>y ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs19a\">no e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are linke<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny (mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs19b\">No ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t do n<span class=\"_ _0\"></span>ot ult<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. At e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e is cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ed, r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs19c\">th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s be<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _1\"></span>wise o<span class=\"_ _0\"></span>f non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs19d\">numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat w<span class=\"_ _0\"></span>ill ultima<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ely v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in cum<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ve e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se sin<span class=\"_ _0\"></span>ce t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ious B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs19e\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ondin<span class=\"_ _0\"></span>g en<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs19f\">W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ms of a<span class=\"_ _0\"></span>n equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled a<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd ar<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>r a ne<span class=\"_ _0\"></span>w aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d is desig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>ing a c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>elled o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a0\">origin<span class=\"_ _0\"></span>al aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ues t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>al ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. In a<span class=\"_ _0\"></span>ddit<span class=\"_ _0\"></span>ion, an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ainder o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>w ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a1\">per<span class=\"_ _0\"></span>iod f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>air value of a<span class=\"_ _0\"></span>ny mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion, b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>ween t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>iginal a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a2\">aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d, bo<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>s me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. No r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>f this di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is ne<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a3\">W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e an e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled a<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd is c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>celle<span class=\"_ _0\"></span>d (includin<span class=\"_ _0\"></span>g wh<span class=\"_ _0\"></span>en a n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>r emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e is no<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>t), i<span class=\"_ _0\"></span>t is tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed as i<span class=\"_ _0\"></span>f </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a4\">it ha<span class=\"_ _0\"></span>d ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n, an<span class=\"_ _0\"></span>d any c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t for t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard is e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d imm<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y. Any c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a5\">paid up t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ard a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ellat<span class=\"_ _0\"></span>ion or s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tleme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m eq<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>y exc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s ov<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>air value b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as an </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a6\">ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs1a7\">O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls88 ws1 gs1a8\">Shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ded u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee in<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>lans an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve y<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>o ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t unc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nally ar<span class=\"_ _0\"></span>e hel<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t by a<span class=\"_ _0\"></span>n emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1a9\">ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t (\u201cES<span class=\"_ _0\"></span>OT<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) and s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s a ded<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n fr<span class=\"_ _0\"></span>om e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y in the B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>T is an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d not c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1aa\">In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s by t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>ario<span class=\"_ _0\"></span>us E<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>s f<span class=\"_ _0\"></span>or sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>ime t<span class=\"_ _0\"></span>o time a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>s ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e hel<span class=\"_ _0\"></span>d as tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1ab\">shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>asio<span class=\"_ _0\"></span>nally bu<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>clusiv<span class=\"_ _0\"></span>ely u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _1\"></span>y awa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er va<span class=\"_ _0\"></span>riou<span class=\"_ _0\"></span>s shar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _6\"></span>rea<span class=\"_ _0\"></span>sur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e held a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t and </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1ac\">sho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n as a de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m to<span class=\"_ _0\"></span>tal e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y in the B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1ad\">Co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e sale o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>ch sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s is also r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, wit<span class=\"_ _0\"></span>h any di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ween t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m sale an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>iginal c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t bein<span class=\"_ _0\"></span>g </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1ae\">ta<span class=\"_ _0\"></span>ken t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>es. N<span class=\"_ _0\"></span>o gain or lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase, s<span class=\"_ _0\"></span>ale, iss<span class=\"_ _0\"></span>ue or c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cella<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws30 gs1af\">T<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>xat<span class=\"_ _0\"></span>ion<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b0\">Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he su<span class=\"_ _0\"></span>m of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 lsb ws1 gs1b1\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b2\">T<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yabl<span class=\"_ _0\"></span>e is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar usin<span class=\"_ _0\"></span>g UK t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es e<span class=\"_ _0\"></span>nac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and a<span class=\"_ _0\"></span>ny </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b3\">adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. T<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m net p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it as r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ted in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>t exclu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b4\">it<span class=\"_ _0\"></span>ems o<span class=\"_ _0\"></span>f inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble or de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible in ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s or ar<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tibl<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls7f ws82 gs1b5\">Defe<span class=\"_ _6\"></span>rred<span class=\"_ _6\"></span> tax<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b6\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b7\">for f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1b8\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liabilities a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r all ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r all dedu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible t<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls32 ws1 gs1b9\">car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y-fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of un<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd unu<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ax l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, to t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it is p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ble th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t will be av<span class=\"_ _0\"></span>ailable ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y ca<span class=\"_ _0\"></span>n be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1bb\">Suc<span class=\"_ _0\"></span>h def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s are n<span class=\"_ _0\"></span>ot r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or liabilit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will or an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or liabilit<span class=\"_ _1\"></span>y in a </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1bc\">tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is not a b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd, a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e time o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion, a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s nei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it no<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1bd\">amou<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d at e<span class=\"_ _0\"></span>ach B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1be\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he timin<span class=\"_ _0\"></span>g of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1bf\">tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>lled and i<span class=\"_ _0\"></span>t is pr<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>ill not re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c0\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is a le<span class=\"_ _0\"></span>gally en<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>able rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilit<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c1\">balan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c2\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>ealise<span class=\"_ _0\"></span>d or t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _1\"></span>y is set<span class=\"_ _1\"></span>tled, </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c3\">bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d law<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d or su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y ena<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 lsb ws1 gs1c4\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>t and de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e year<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c5\">Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>cep<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ey r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o ite<span class=\"_ _0\"></span>ms t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c6\">Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or in e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h ca<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x are als<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gs1c7\">Pensions and ot<span class=\"_ _0\"></span>her pos<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>employ<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls12 wsf gs1c8\">Def<span class=\"_ _0\"></span>ined cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion schemes<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1c9\">Pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as t<span class=\"_ _0\"></span>hey f<span class=\"_ _0\"></span>all due. </div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls12 wsf gs1ca\">Def<span class=\"_ _0\"></span>ined benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t schemes<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1cb\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d a de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsion p<span class=\"_ _0\"></span>lan fo<span class=\"_ _0\"></span>r eligible emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>o a sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te f<span class=\"_ _0\"></span>und a<span class=\"_ _0\"></span>dminis<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by Trust<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1cc\">Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual in Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 2015.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1cd\">T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vidin<span class=\"_ _0\"></span>g be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>lan is de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d unit cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y qualif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1ce\">at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d (to de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ser<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t) an<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds (t<span class=\"_ _0\"></span>o det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alue of<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1cf\">def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tion) an<span class=\"_ _0\"></span>d is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice. P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>arlier of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n a plan am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d0\">cur<span class=\"_ _1\"></span>tailmen<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en an e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>y ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts, o<span class=\"_ _0\"></span>r rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 3<span class=\"_ _0\"></span>7 Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s, Co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d1\">Liab<span class=\"_ _0\"></span>ilities an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d2\">W<span class=\"_ _0\"></span>hen a s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tleme<span class=\"_ _0\"></span>nt (eliminat<span class=\"_ _0\"></span>ing all obliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s alre<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed) o<span class=\"_ _0\"></span>r a cur<span class=\"_ _1\"></span>tailmen<span class=\"_ _0\"></span>t (re<span class=\"_ _0\"></span>ducin<span class=\"_ _0\"></span>g fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure o<span class=\"_ _0\"></span>bliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s as a re<span class=\"_ _0\"></span>sult o<span class=\"_ _0\"></span>f a ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rial r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion in<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d3\">th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip or a re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion in f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t) o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>lan as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d4\">and t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t gain or lo<span class=\"_ _0\"></span>ss is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt or c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d5\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mines t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e net in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e/<span class=\"_ _0\"></span>(cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>) on t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it liabilit<span class=\"_ _0\"></span>y/(as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t) f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y app<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te us<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d6\">th<span class=\"_ _0\"></span>e def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>eginnin<span class=\"_ _0\"></span>g of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e net p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion liabilit<span class=\"_ _0\"></span>y/(as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t) a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>eginnin<span class=\"_ _0\"></span>g of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e/<span class=\"_ _0\"></span>(cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>) </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d7\">is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed imm<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y as a s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e) in the In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial g<span class=\"_ _0\"></span>ains and lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in f<span class=\"_ _0\"></span>ull in the </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d8\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsiv<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1d9\">T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>r liabilit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion (using a dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1da\">ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n high qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds), le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f plan as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t of w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e to b<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y. Fair value is b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1db\">mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ice in<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f quo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies is t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ublishe<span class=\"_ _0\"></span>d bid pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of a n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he sum o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1dc\">pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value o<span class=\"_ _0\"></span>f any am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r by w<span class=\"_ _0\"></span>ay o<span class=\"_ _0\"></span>f re<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nds f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he pla<span class=\"_ _0\"></span>n or r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gs1dd\">F<span class=\"_ _0\"></span>oreign currencies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1de\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s den<span class=\"_ _0\"></span>omina<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>uling at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liabilities ar<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1df\">tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ultin<span class=\"_ _0\"></span>g exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>en to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls37 ws35 gs1e0\">Divi<span class=\"_ _6\"></span>de<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ds<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1e1\">Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ard b<span class=\"_ _0\"></span>ut u<span class=\"_ _0\"></span>np<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>til t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y are p<span class=\"_ _0\"></span>aid (in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>im </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1e2\">div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d) or ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nual Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing (in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inal div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd).<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs1e4\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>\u2019s inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1e5\">In it<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent in i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asis o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>st le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision fo<span class=\"_ _0\"></span>r imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs1e6\">Ne<span class=\"_ _0\"></span>w s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ued b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t app<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ed<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1e7\">T<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ional A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _1\"></span>tee ha<span class=\"_ _0\"></span>ve is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s and </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1e8\">int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e for p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s st<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ting o<span class=\"_ _0\"></span>n or be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e on w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1e9\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _6\"></span>: Classi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f Lia<span class=\"_ _0\"></span>bilities a<span class=\"_ _0\"></span>s Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt (ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1ea\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al Fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k \u2013 A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 3 (ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1eb\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, Plant a<span class=\"_ _0\"></span>nd E<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t: P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d Use \u2013 A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 16 (ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1ec\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 Insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s (ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1ed\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">O<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t \u2013 C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>ulfilling a C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t \u2013 A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 37 (ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1ee\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">D<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>initio<span class=\"_ _0\"></span>n of A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s \u2013 A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 8 (ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1ef\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">Dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ure o<span class=\"_ _0\"></span>f A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Policie<span class=\"_ _0\"></span>s \u2013 A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>AS 1 a<span class=\"_ _0\"></span>nd IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S P<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t 2 (ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1f0\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">D<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d T<span class=\"_ _6\"></span>ax r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>abilities a<span class=\"_ _0\"></span>rising f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a Singl<span class=\"_ _0\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion \u2013 A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 12 (<span class=\"_ _6\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1f1\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s \u2013 F<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e \u201c1<span class=\"_ _6\"></span>0 per c<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u201d t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or der<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f fina<span class=\"_ _0\"></span>ncial liabilitie<span class=\"_ _0\"></span>s (ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1f2\">T<span class=\"_ _0\"></span>he ad<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>d to ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>erial e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>ew s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in iss<span class=\"_ _0\"></span>ue bu<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1f3\">ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e are n<span class=\"_ _0\"></span>ot ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs1f4\">2. <span class=\"_ _a\"> </span>Se<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls33 ws2d gs1f5\">Operating<span class=\"_ _6\"></span> Segments<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1f6\">Fo<span class=\"_ _0\"></span>r man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1f7\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Pu<span class=\"_ _0\"></span>bs an<span class=\"_ _0\"></span>d Ho<span class=\"_ _0\"></span>tels, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>tels, B<span class=\"_ _0\"></span>el &amp; T<span class=\"_ _0\"></span>he D<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>gon a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wol<span class=\"_ _0\"></span>d Inns &amp; H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs1f8\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">Tenant<span class=\"_ _0\"></span>ed In<span class=\"_ _0\"></span>ns, w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s pub<span class=\"_ _0\"></span>s op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>hird p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ties u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r ten<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy o<span class=\"_ _0\"></span>r lea<span class=\"_ _0\"></span>se ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls32 ws1 gs1f9\">T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t impo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to ev<span class=\"_ _0\"></span>alua<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s is adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>, adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1fa\">it<span class=\"_ _0\"></span>ems<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>anise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ding to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ea<span class=\"_ _0\"></span>ch s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls32 ws1 gs1fb\">rep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gic op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting u<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed P<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Hot<span class=\"_ _0\"></span>els op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ggr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to on<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e basis t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls39 ws3b gs1fc\">hav<span class=\"_ _0\"></span>e similar e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>. Ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e similar ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1fd\">ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>ks, an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n on c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al. A<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>ch, t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ggr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1fe\">in par<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ph 12 IF<span class=\"_ _0\"></span>RS 8 Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting S<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (ame<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d). M<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ails of the<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e giv<span class=\"_ _0\"></span>en in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gic Re<span class=\"_ _0\"></span>por<span class=\"_ _1\"></span>t on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 1 to 6<span class=\"_ _0\"></span>5 of t<span class=\"_ _0\"></span>his r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs1ff\">As s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>gularl<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e Chie<span class=\"_ _0\"></span>f Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g De<span class=\"_ _0\"></span>cision M<span class=\"_ _0\"></span>aker (\u201cC<span class=\"_ _0\"></span>OD<span class=\"_ _0\"></span>M\u201d)<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s elec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed, a<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 8 </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs200\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts (am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>), no<span class=\"_ _0\"></span>t to dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>e a me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilitie<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs202\">5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws2a gs203\">Managed Pubs and </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws113 gs204\">Hot<span class=\"_ _0\"></span>els</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs205\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsd5 ws1b gs206\">T<span class=\"_ _6\"></span>enanted</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls19 ws14 gs207\"> Inns</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs208\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsc9 wsc1 gs209\">Unallocated<span class=\"_ _2db\"> </span></div><div class=\"t m0 ha2 ff4 fs51 fc5 sc0 ls1 ws1 gs20a\">1</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1b ws14d gs20b\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs20c\">T<span class=\"_ _6\"></span>otal continuing </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs20d\">operations </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs20e\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs20f\">Revenue<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs210\">Sale o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _1c5\"> </span><span class=\"ff4 ls39 ws37\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _e8\"> </span>2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _c9\"> </span><span class=\"ff4 ls3a ws38\">292.8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs211\">Accommoda<span class=\"_ _0\"></span>tion i<span class=\"_ _6\"></span>ncome<span class=\"_ _1c6\"> </span><span class=\"ff4 ls1 ws1\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.7<span class=\"_ _36\"> </span><span class=\"ff3a\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _dd\"> </span></span>3<span class=\"_ _1\"></span>3.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7a ws35 gs212\">T<span class=\"_ _2\"></span>otal<span class=\"_ _6\"></span> reve<span class=\"_ _6\"></span>nu<span class=\"_ _6\"></span>e f<span class=\"_ _6\"></span>rom<span class=\"_ _6\"></span> contra<span class=\"_ _6\"></span>cts with<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>ustomers<span class=\"_ _1c7\"> </span><span class=\"lsea ws81\">305.3<span class=\"_ _dd\"> </span><span class=\"ls39 ws37\">2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _36\"> </span><span class=\"ff3a ls1 ws1\">\u2013<span class=\"_ _91\"> </span></span><span class=\"ls80 wse4\">326.5<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs213\">Rental income<span class=\"_ _1c8\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _b1\"> </span><span class=\"ls37 ws35\">8<span class=\"_ _0\"></span>.6<span class=\"_ _8b\"> </span></span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ff4 ls85 ws9b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7b ws7b gs214\">Revenue<span class=\"_ _1c9\"> </span><span class=\"ls80 wse4\">30<span class=\"_ _0\"></span>6.8<span class=\"_ _2e\"> </span><span class=\"lsc5 wsbf\">2<span class=\"_ _0\"></span>9.8<span class=\"_ _36\"> </span><span class=\"ff3a ls1 ws1\">\u2013<span class=\"_ _c9\"> </span></span><span class=\"ls37 ws35\">3<span class=\"_ _0\"></span>36.6<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls31 ws2d gs215\">Segment result<span class=\"_ _1ca\"> </span><span class=\"lsc5 wsaf\"> 30.0 <span class=\"_ _96\"> </span><span class=\"ls3b wsb0\"> 13.<span class=\"_ _1\"></span>2 <span class=\"_ _40\"> </span><span class=\"ls85 ws3f\"> (<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.1)<span class=\"_ _96\"> </span> 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs216\">Operating<span class=\"_ _6\"></span> separately<span class=\"_ _6\"></span> di<span class=\"_ _6\"></span>scl<span class=\"_ _6\"></span>osed item<span class=\"_ _6\"></span>s<span class=\"_ _1cb\"> </span><span class=\"ff4 ls13 ws39\"> (14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7a ws35 gs217\">Ope<span class=\"_ _6\"></span>ratin<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span> profit<span class=\"_ _1cc\"> </span><span class=\"ls3d ws4a\"> 10.<span class=\"_ _0\"></span>9 </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs218\">Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _1cd\"> </span><span class=\"ff4 ls14e ws5b\"> 11.<span class=\"_ _1\"></span>8 </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs219\">Net fi<span class=\"_ _6\"></span>nance<span class=\"_ _6\"></span> costs<span class=\"_ _1ce\"> </span><span class=\"ff4 ls4e ws3b\"> (12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs21a\">Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _1ce\"> </span><span class=\"ls3d ws4a\"> 10.<span class=\"_ _0\"></span>3 </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs21b\">Ot<span class=\"_ _0\"></span>her segment infor<span class=\"_ _0\"></span>mation<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs21c\">Ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _54\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ws1\">4.7<span class=\"_ _5f\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _1\"></span>.1<span class=\"_ _41\"> </span><span class=\"lsc5 wsaf\"> 30.0 </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs21d\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _1cf\"> </span><span class=\"ff4 ls80 wse4\">23.4<span class=\"_ _170\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _168\"> </span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>0<span class=\"_ _41\"> </span></span> 2<span class=\"_ _1\"></span>6.7 </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs21e\">Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, right-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _1d0\"> </span><span class=\"ff4 ls3b wsb0\"> 12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _e7\"> </span><span class=\"ls39 ws6e\"> 1.<span class=\"_ _1\"></span>8 <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _96\"> </span><span class=\"ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3 </span></span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs21f\">5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws2a gs220\">Managed Pubs and </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws113 gs221\">Hot<span class=\"_ _0\"></span>els</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs222\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsd5 ws1b gs223\">T<span class=\"_ _6\"></span>enanted</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls19 ws14 gs224\"> Inns</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs225\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsd5 ws1b gs226\">Unallocated<span class=\"_ _2db\"> </span></div><div class=\"t m0 ha2 ff4 fs51 fc5 sc0 ls1 ws1 gs227\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs228\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs229\">T<span class=\"_ _6\"></span>otal continuing </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs22a\">operations </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs22b\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs22c\">Revenue<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs22d\">Sale o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _1d1\"> </span><span class=\"ls15a ws14c\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>7.<span class=\"_ _59\"></span>9<span class=\"_ _e6\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span><span class=\"ls5c ws4a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs22e\">Accommoda<span class=\"_ _0\"></span>tion i<span class=\"_ _6\"></span>ncome<span class=\"_ _1d2\"> </span><span class=\"ls48 wse3\">2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _88\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _9a\"> </span></span>2<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7a ws35 gs22f\">T<span class=\"_ _2\"></span>otal<span class=\"_ _6\"></span> reve<span class=\"_ _6\"></span>nu<span class=\"_ _6\"></span>e f<span class=\"_ _6\"></span>rom<span class=\"_ _6\"></span> contra<span class=\"_ _6\"></span>cts with<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>ustomers<span class=\"_ _134\"> </span><span class=\"ff3a ls156 ws144\">2<span class=\"_ _59\"></span>2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>0<span class=\"_ _e7\"> </span>1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _44\"> </span><span class=\"ls14 ws10\">24<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs230\">Rental income<span class=\"_ _bd\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _b7\"> </span><span class=\"ls156 ws144\">7.1<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">8<span class=\"_ _0\"></span>.9<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7b ws7b gs231\">Revenue<span class=\"_ _1d3\"> </span><span class=\"ff3a ls33 ws30\">228<span class=\"_ _0\"></span>.8<span class=\"_ _e8\"> </span><span class=\"ls12 ws91\">25.0<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span><span class=\"ls5c ws4a\">25<span class=\"_ _0\"></span>3.8<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls31 ws2d gs232\">Segment result<span class=\"_ _1a0\"> </span><span class=\"ff3a ls14 ws10\">24<span class=\"_ _0\"></span>.7<span class=\"_ _e7\"> </span><span class=\"ls15a ws14c\">11.1<span class=\"_ _9a\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _59\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _16a\"> </span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.5<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs233\">Operating<span class=\"_ _6\"></span> separately<span class=\"_ _6\"></span> di<span class=\"_ _6\"></span>scl<span class=\"_ _6\"></span>osed item<span class=\"_ _6\"></span>s<span class=\"_ _1d4\"> </span><span class=\"ls94 ws44\">(2.<span class=\"_ _0\"></span>0)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7a ws35 gs234\">Ope<span class=\"_ _6\"></span>ratin<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span> profit<span class=\"_ _1d5\"> </span><span class=\"ff3a ls158 ws14f\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs235\">Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _1d6\"> </span><span class=\"ls12 ws91\">6.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs236\">Net fi<span class=\"_ _6\"></span>nance<span class=\"_ _6\"></span> costs<span class=\"_ _1d7\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs237\">Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _1d8\"> </span><span class=\"ff3a ls159 ws147\">11.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs238\">Ot<span class=\"_ _0\"></span>her segment infor<span class=\"_ _0\"></span>mation<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs239\">Ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _118\"> </span><span class=\"ls12 ws91\">2<span class=\"_ _0\"></span>0.2<span class=\"_ _1ac\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _1ac\"> </span><span class=\"ls7b ws7b\">2.6<span class=\"_ _9a\"> </span><span class=\"ls15a ws14c\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs23a\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _1d9\"> </span><span class=\"ls5c ws4a\">23.3<span class=\"_ _b9\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _b9\"> </span><span class=\"ls125 ws13a\">0.7<span class=\"_ _e8\"> </span><span class=\"ls33 ws30\">25.8<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws39 gs23b\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1da\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span></span>3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs23c\">1 <span class=\"_ _8\"> </span>Un<span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ily t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f ce<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>al m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Un<span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d of<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>T </div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls15c ws153 gs23d\">develo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 ls4 ws154 gs23f\">3. Re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs240\">Geographical Informa<span class=\"_ _0\"></span>tion<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs241\">All of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s busine<span class=\"_ _0\"></span>ss is w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he UK an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up onl<span class=\"_ _0\"></span>y has o<span class=\"_ _0\"></span>ne dis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hical m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs242\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs243\"> 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs244\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs245\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs246\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs247\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs248\">2022</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs249\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs24a\">Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs24b\">Sale o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _1db\"> </span><span class=\"ff4 ls3a ws38\">292.8<span class=\"_ _2\"></span> <span class=\"_ _40\"> </span><span class=\"ff3a ls5c ws4a\">223.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs24c\">Accommoda<span class=\"_ _0\"></span>tion i<span class=\"_ _6\"></span>ncome<span class=\"_ _1dc\"> </span><span class=\"ff4 ls1 ws1\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.7 <span class=\"_ _33\"> </span></span><span class=\"ls48 wse3\">2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7a ws35 gs24d\">T<span class=\"_ _2\"></span>otal<span class=\"_ _6\"></span> reve<span class=\"_ _6\"></span>nu<span class=\"_ _6\"></span>e f<span class=\"_ _6\"></span>rom<span class=\"_ _6\"></span> contra<span class=\"_ _6\"></span>cts with<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>ustomers<span class=\"_ _1dd\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _40\"> </span><span class=\"ff3a ls14 ws10\">24<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs24e\">Rental income<span class=\"_ _1de\"> </span><span class=\"ff4 ls85 ws9b\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _168\"> </span></span><span class=\"ls12 ws91\">8.9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7b ws7b gs24f\">Revenue<span class=\"_ _1df\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>6 <span class=\"_ _12f\"> </span><span class=\"ff3a ls5c ws4a\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3.8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs250\">4. <span class=\"_ _a\"> </span>Op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs251\">5<span class=\"_ _0\"></span>3 weeks</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs252\"> ended</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs253\"> 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs254\"> \u00a3m</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs255\"> 52 weeks</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2e ws2a gs256\"> ended </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs257\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws139 gs258\"> 2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs259\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs25a\">Pr<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t of go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ailing <span class=\"_ _bc\"> </span><span class=\"ff4 ls1 ws91\"> 72<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _2e\"> </span></span><span class=\"ls156 ws144\">5<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs25b\">St<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>f cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1e0\"> </span><span class=\"ff4 ls85 ws3f\"> 11<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _17b\"> </span></span><span class=\"ls12 ws91\">9<span class=\"_ _0\"></span>6.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws39 gs25c\">Re<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _1e1\"> </span><span class=\"ff4 ls1 ws91\"> 8<span class=\"_ _0\"></span>.5 <span class=\"_ _168\"> </span></span><span class=\"ls8a ws7d\">8.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs25d\">Dep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1e2\"> </span><span class=\"ff4 ls4e ws3b\"> 19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _2e\"> </span></span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs25e\">Depreci<span class=\"_ _6\"></span>ation<span class=\"_ _6\"></span> of r<span class=\"_ _6\"></span>ight<span class=\"_ _6\"></span>-of<span class=\"_ _6\"></span>-use assets<span class=\"_ _188\"> </span><span class=\"ff4 lsc7 ws14b\"> 7.1<span class=\"_ _0\"></span> <span class=\"_ _be\"> </span></span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs25f\">Ren<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m and l<span class=\"_ _0\"></span>ow v<span class=\"_ _0\"></span>alue lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _7f\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ff3a ls12\">0.4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls3b wsb0 gs260\">Variable le<span class=\"_ _0\"></span>ase p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs261\">1</div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls1 ws1 gs262\"> <span class=\"_ _1e3\"> </span><span class=\"ff4 lse4 ws131\"> 3.5 <span class=\"_ _168\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4a wsdb gs263\">Pr<span class=\"_ _2\"></span>op<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rty<span class=\"_ _2\"></span> co<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _1e4\"> </span><span class=\"ff4 ls94 wsad\"> 18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _16a\"> </span></span><span class=\"ls85 ws9b\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls88 wsbb gs264\">U<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _1e5\"> </span><span class=\"ff4 ls4e ws3b\"> 19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _2e\"> </span></span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs265\">Sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s (not<span class=\"_ _0\"></span>e 5) <span class=\"_ _1e6\"> </span><span class=\"ff4 ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _e7\"> </span></span><span class=\"ls12 ws91\">2.0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs266\">Grant income<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs267\">2</div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls1 ws1 gs268\"> <span class=\"_ _1e7\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls33 ws30\">(5.4<span class=\"_ _6\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls7b ws7a gs269\">Other oper<span class=\"_ _0\"></span>ating costs<span class=\"_ _1e8\"> </span><span class=\"ff4 ls1 ws91\"> 4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.7 <span class=\"_ _16a\"> </span></span><span class=\"ls14 ws10\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs26a\"> 3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7 <span class=\"_ _3c\"> </span><span class=\"ff3a ls156 ws144\">2<span class=\"_ _59\"></span>3<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs26b\">1 <span class=\"_ _8\"> </span>Var<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r le<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>s. </div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs26c\">2 <span class=\"_ _8\"> </span>Gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>o su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t busi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gho<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mic t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e elig<span class=\"_ _0\"></span>ible d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>eir r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs26d\">De<span class=\"_ _0\"></span>tails of in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o ren<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies ar<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n in no<span class=\"_ _0\"></span>te 12.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs26e\">a)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Auditor<span class=\"_ _0\"></span>s\u2019 Remuner<span class=\"_ _0\"></span>ation<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs26f\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs270\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs271\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs272\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs273\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs274\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs275\">Fe<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le to C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s audit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs276\">\u2013 Rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he au<span class=\"_ _0\"></span>dit of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _19c\"> </span><span class=\"ff4 lsc5 wsbf\">0.5<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsc5 wsbf gs277\">0.5<span class=\"_ _b1\"> </span><span class=\"ff3a ls12 ws91\">0.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs278\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er audi<span class=\"_ _0\"></span>t rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>5,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0) fo<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and \u00a34<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5,0<span class=\"_ _1\"></span>00) f<span class=\"_ _0\"></span>or int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>im re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w we<span class=\"_ _0\"></span>re als<span class=\"_ _0\"></span>o incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs27a\">b) <span class=\"_ _b\"> </span>Em<span class=\"_ _0\"></span>plo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>e Ben<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t E<span class=\"_ _1\"></span>xpen<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 h89 ff4 fs7 fc7 sc0 ls1 ws1 gs27b\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs27c\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs27d\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs27e\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs27f\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs280\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs281\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs282\">Wages<span class=\"_ _6\"></span> and<span class=\"_ _6\"></span> sal<span class=\"_ _6\"></span>ari<span class=\"_ _6\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls15d ws155 gs283\">2,3</div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls3d ws4a gs284\"> 10<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _17b\"> </span><span class=\"ff3a ls33 ws30\">84.8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs285\">Socia<span class=\"_ _6\"></span>l sec<span class=\"_ _6\"></span>urity costs<span class=\"_ _1e9\"> </span><span class=\"ff4 ls1 ws91\"> 8<span class=\"_ _0\"></span>.7 <span class=\"_ _26\"> </span></span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs286\">Pe<span class=\"_ _0\"></span>nsion b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _13e\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs287\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs288\">4</div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs289\"> 5<span class=\"_ _0\"></span>.6 <span class=\"_ _168\"> </span><span class=\"ff3a ls8a ws7d\">2.5</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls85 ws3f gs28a\"> 11<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _17b\"> </span><span class=\"ff3a ls12 ws91\">9<span class=\"_ _0\"></span>6.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs28b\">1 <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ve Dir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs28c\">2 <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4 millio<span class=\"_ _0\"></span>n (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: de<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>8 million)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs28d\">3 <span class=\"_ _8\"> </span>Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t of \u00a34<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 million c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Go<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>JRS<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs28e\">4 <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>f co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>0 million<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls91 ws7a gs28f\">c)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Average Number of Em<span class=\"_ _0\"></span>ployees<span class=\"_ _2db\"> </span></div><div class=\"t m0 h89 ff4 fs7 fc7 sc0 ls1 ws1 gs290\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs291\">T<span class=\"_ _0\"></span>he av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ns emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup (in<span class=\"_ _0\"></span>cluding p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t-time st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>) w<span class=\"_ _0\"></span>as as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs292\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls17 ws13 gs293\">Number<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs294\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls20 ws117 gs295\">Number<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs296\">Pu<span class=\"_ _0\"></span>b, hot<span class=\"_ _0\"></span>el an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>eam<span class=\"_ _0\"></span>s<span class=\"_ _15e\"> </span><span class=\"ff4 ls97 wscf\">5<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _41\"> </span></span><span class=\"ls159 ws147\">4<span class=\"_ _1\"></span>,118<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsa0 ws88 gs297\">Support office<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs298\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls3d ws3b gs299\">10<span class=\"_ _0\"></span>9<span class=\"_ _168\"> </span><span class=\"ff3a ls59 ws56\">12<span class=\"_ _1\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls101 ws88 gs29a\">5,<span class=\"_ _0\"></span>247<span class=\"_ _96\"> </span><span class=\"ff3a ls14 ws10\">4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>24<span class=\"_ _1\"></span>0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs29b\">1 <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ve Dir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs29c\">2 <span class=\"_ _8\"> </span>Sup<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e, P<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>ple Team<span class=\"_ _0\"></span>, I<span class=\"_ _0\"></span>T an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r c<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls94 ws7b gs29d\">d) <span class=\"_ _b\"> </span>Direc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s\u2019 Em<span class=\"_ _0\"></span>olum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs29e\">Full de<span class=\"_ _0\"></span>tails ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s\u2019 R<span class=\"_ _0\"></span>emun<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion Re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 8<span class=\"_ _0\"></span>6 to 10<span class=\"_ _0\"></span>0.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs29f\">5. <span class=\"_ _a\"> </span>Se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y Di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2a0\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms on t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t for t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ial it<span class=\"_ _0\"></span>ems o<span class=\"_ _0\"></span>f inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se w<span class=\"_ _0\"></span>hich, b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2a1\">nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e or e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d inf<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s gi<span class=\"_ _0\"></span>ving r<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>hem, m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>it se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to allow sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s to u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he elem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2a2\">fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce in t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>. </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs2a3\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs2a4\"> 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs2a5\"> \u00a3m</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2a6\"> 52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2a7\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs2a8\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs2a9\">Am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s included<span class=\"_ _6\"></span> in<span class=\"_ _6\"></span> operating prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs2aa\">Reo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ganis<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1ea\"> </span><span class=\"ff4 ls1 ws1\">(0<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span>) <span class=\"_ _17b\"> </span></span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.8)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2ab\">Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>ties, r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>f-us<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 13)<span class=\"_ _1eb\"> </span><span class=\"ff4 ls13 ws5e\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>) <span class=\"_ _16a\"> </span></span><span class=\"ls4e ws6e\">(3.<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls7c ws16 gs2ac\">Insuranc<span class=\"_ _0\"></span>e clai<span class=\"_ _6\"></span>m<span class=\"_ _1e4\"> </span><span class=\"ff4 ls1 ws1\">(0.<span class=\"_ _1\"></span>2) <span class=\"_ _94\"> </span><span class=\"ff3a\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs2ad\">V<span class=\"_ _6\"></span>AT prov<span class=\"_ _0\"></span>ision r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _1ec\"> </span><span class=\"ff4 lsc5 wsaf\"> 0.8<span class=\"_ _36\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2ae\">Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>eer B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss<span class=\"_ _1ed\"> </span><span class=\"ls1\">\u2013<span class=\"_ _b9\"> </span><span class=\"ls15a ws14c\">2<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2af\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _152\"> </span><span class=\"ls13 ws5e\">(14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2) <span class=\"_ _16a\"> </span><span class=\"ff3a ls94 ws44\">(2.<span class=\"_ _0\"></span>0)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2b0\">Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _1ee\"> </span><span class=\"ls14e ws5b\"> 11.<span class=\"_ _1\"></span>8 <span class=\"_ _e7\"> </span><span class=\"ff3a ls12 ws91\">6.3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsd ws9 gs2b1\">Separa<span class=\"_ _0\"></span>tely disclosed finance<span class=\"_ _6\"></span> credit<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs2b2\">Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit o<span class=\"_ _0\"></span>n ne<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsion<span class=\"_ _0\"></span> liabilities<span class=\"_ _160\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _186\"> </span><span class=\"ff3a ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2b3\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge on t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e do<span class=\"_ _0\"></span>wn o<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s<span class=\"_ _1ef\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>5)<span class=\"_ _1ab\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2b4\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1f0\"> </span><span class=\"ff3a ls1\">\u2013<span class=\"ff4\"> <span class=\"_ _18a\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2b5\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _1f1\"> </span><span class=\"ls1\">(2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4) <span class=\"_ _dd\"> </span><span class=\"ff3a lsa0 ws7a\">4.3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lse2 wsdf gs2b6\">Exc<span class=\"_ _6\"></span>epti<span class=\"_ _6\"></span>on<span class=\"_ _6\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span> tax:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2b7\">Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _1af\"> </span><span class=\"ff4 ls39 ws37\">(1.0<span class=\"_ _0\"></span>) <span class=\"_ _2e\"> </span></span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2b8\">Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in ta<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e <span class=\"_ _1f2\"> </span><span class=\"ff4 ls1\">0.<span class=\"_ _0\"></span>5 <span class=\"_ _1a3\"> </span></span><span class=\"ls4e ws6e\">(3.<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls12 wsf gs2b9\">Ot<span class=\"_ _0\"></span>her items<span class=\"_ _1f3\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>0 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2ba\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _1f4\"> </span><span class=\"ls1\">0.<span class=\"_ _0\"></span>5 <span class=\"_ _1a3\"> </span><span class=\"ff3a ls4d ws49\">(3.<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2bb\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s<span class=\"_ _1f5\"> </span><span class=\"ls39 ws37\">(1.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>) <span class=\"_ _9a\"> </span><span class=\"ff3a ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2bd\">T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>eor<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>nisa<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>5 mill<span class=\"_ _6\"></span>ion in rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e durin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 (2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.8 million).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2be\">T<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>14.3 million (26 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _1\"></span>3.3 million) relat<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n of 2<span class=\"_ _0\"></span>2 p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eir re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e value (<span class=\"_ _0\"></span>26 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2:<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs2bf\">six p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c0\">T<span class=\"_ _0\"></span>he insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e claim of \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2 million is the w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e of<span class=\"_ _1\"></span>f of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d equip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n wor<span class=\"_ _0\"></span>k (<span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>2.7 million) net of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce mo<span class=\"_ _0\"></span>nies </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs2c1\">claime<span class=\"_ _0\"></span>d (\u00a3<span class=\"_ _1\"></span>2.5 million).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c2\">T<span class=\"_ _0\"></span>he VA<span class=\"_ _6\"></span>T pro<span class=\"_ _0\"></span>vision r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e to a VA<span class=\"_ _6\"></span>T adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>8 mill<span class=\"_ _6\"></span>ion. In t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>, \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _6\"></span>1 mil<span class=\"_ _6\"></span>lion cre<span class=\"_ _0\"></span>dit is t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision, n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>al set<span class=\"_ _1\"></span>tlem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c3\">amou<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e sale o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Fuller<span class=\"_ _0\"></span>\u2019s Beer B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c4\">T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties o<span class=\"_ _0\"></span>f \u00a31<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>8 million during t<span class=\"_ _0\"></span>he 5<span class=\"_ _1\"></span>3 wee<span class=\"_ _0\"></span>ks en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 (2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.3 million) rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of nin<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c5\">licen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d and u<span class=\"_ _0\"></span>nlicens<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>26 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: 1<span class=\"_ _6\"></span>2 pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c6\">T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ash imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>as \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>5 million cash o<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>flow (2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2c7\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a31.9 mil<span class=\"_ _6\"></span>lion ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>low)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs2c8\">6. <span class=\"_ _a\"> </span>Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs2c9\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs2ca\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs2cb\"> \u00a3m</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2cc\"> 52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2cd\"> 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs2ce\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs2cf\">Finance Income<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2d0\">In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1f6\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _1\"></span>2 <span class=\"_ _18a\"> </span><span class=\"ff3a ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs2d1\">Finance cost<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs2d2\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g on:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2d3\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities a<span class=\"_ _0\"></span>t amor<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t \u2013 loa<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1d2\"> </span><span class=\"ff4 ls1\">(9.<span class=\"_ _0\"></span>6) <span class=\"_ _dd\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2d4\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities a<span class=\"_ _0\"></span>t amor<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t \u2013 pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s<span class=\"_ _1f7\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1) <span class=\"_ _dd\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2d5\">Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities a<span class=\"_ _0\"></span>t amor<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t \u2013 lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s <span class=\"_ _1f8\"> </span><span class=\"ff4 ls1\">(2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9) <span class=\"_ _dd\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2d6\">Ne<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>scl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s<span class=\"_ _1f9\"> </span><span class=\"ls4e ws6e\">(12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _0\"></span> <span class=\"_ _91\"> </span><span class=\"ff3a ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2d7\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t on n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n liabilities (no<span class=\"_ _0\"></span>te 5<span class=\"_ _0\"></span>)<span class=\"_ _1fa\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _186\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2d8\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge on t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e do<span class=\"_ _0\"></span>wn o<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s<span class=\"_ _1ef\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>5)<span class=\"_ _1ab\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2d9\">Ne<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ely d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ms<span class=\"_ _98\"> </span><span class=\"ls4e ws6e\">(12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _41\"> </span><span class=\"ff3a ls159 ws147\">(11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 ls15e ws156 gs2da\">7.<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>a<span class=\"_ _3\"> </span>x<span class=\"_ _59\"></span>a<span class=\"_ _59\"></span>t<span class=\"_ _59\"></span>i<span class=\"_ _59\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs2db\">T<span class=\"_ _6\"></span>ax on P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n Or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y Ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs2dc\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs2dd\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs2de\"> 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs2df\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2e0\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2e1\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs2e2\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs2e3\">T<span class=\"_ _6\"></span>ax ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2e4\">Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2e5\">Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _1fb\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2e6\">Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _1fc\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2e7\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _1fd\"> </span><span class=\"ls1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ff3a ls12 ws91\">0.8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2e8\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2e9\">Origin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es<span class=\"_ _1fe\"> </span><span class=\"ff4 ls37 ws35\">3.6<span class=\"_ _b1\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2ea\">Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cor<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _1ff\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2eb\">Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on p<span class=\"_ _0\"></span>rior p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s<span class=\"_ _200\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2ec\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _201\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _1ac\"> </span><span class=\"ff3a ls5c ws4a\">3.6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs2ed\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _202\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs2ee\">Analysed as<span class=\"_ _6\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs2ef\">Before separate<span class=\"_ _6\"></span>ly d<span class=\"_ _6\"></span>iscl<span class=\"_ _6\"></span>osed ite<span class=\"_ _6\"></span>ms<span class=\"_ _203\"> </span><span class=\"ff4 lse4 wsdf\">2.9<span class=\"_ _5f\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs2f0\">Separately d<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>sclosed<span class=\"_ _6\"></span> items<span class=\"_ _7c\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>5)<span class=\"_ _170\"> </span></span><span class=\"ls5c ws4a\">3.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls80 wse4 gs2f1\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs2f3\">Reconcil<span class=\"_ _6\"></span>iation of the T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al T<span class=\"_ _2\"></span>ax Charge<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2f4\">T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar is high<span class=\"_ _0\"></span>er (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t is highe<span class=\"_ _0\"></span>r) t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ax in t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K of 19% </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2f5\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 19%). Th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nciled b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs2f6\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs2f7\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 wsbd gs2f8\"> \u00a3m <span class=\"_ _0\"></span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2f9\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs2fa\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs2fb\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2fc\">Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _177\"> </span><span class=\"ff4 ls3d ws3b\">10.<span class=\"_ _0\"></span>3<span class=\"_ _93\"> </span></span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2fd\">Ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t mult<span class=\"_ _0\"></span>iplied b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e UK s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e of co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>9% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21: 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _204\"> </span><span class=\"ff4 lsc5 wsbf\">2.0<span class=\"_ _1ac\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2fe\">It<span class=\"_ _0\"></span>ems n<span class=\"_ _0\"></span>ot d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible<span class=\"_ _0\"></span>/(t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able) fo<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _205\"> </span><span class=\"ff4 lsc5 wsbf\">0.2<span class=\"_ _26\"> </span></span><span class=\"ls4e ws6e\">(0.3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs2ff\">Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (ov<span class=\"_ _0\"></span>er) p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _206\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs300\">Net m<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1a1\"> </span><span class=\"ff4 ls39 ws37\">1.4<span class=\"_ _5f\"> </span></span><span class=\"ls8a ws7d\">0.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs301\">Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cor<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _1ff\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs302\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _202\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs303\">De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>/(cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d) t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs304\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tion<span class=\"_ _207\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _26\"> </span></span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs305\">Unr<span class=\"_ _0\"></span>ealise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al g<span class=\"_ _0\"></span>ains (on P<span class=\"_ _0\"></span>P&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)<span class=\"_ _7e\"> </span><span class=\"ff4 ls39 ws37\">1.7<span class=\"_ _1ac\"> </span></span><span class=\"ls33 ws30\">5.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls7b ws7a gs306\">Retirement benefit obl<span class=\"_ _6\"></span>igations<span class=\"_ _164\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>8<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs307\">T<span class=\"_ _2\"></span>ax losses<span class=\"_ _209\"> </span><span class=\"ff4 ls1 ws1\">0.7<span class=\"_ _26\"> </span></span><span class=\"ls3d ws3b\">(2.<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls8a ws7d gs308\">Ot<span class=\"_ _0\"></span>her<span class=\"_ _20a\"> </span><span class=\"ff4\">(3.<span class=\"_ _0\"></span>4)<span class=\"_ _9a\"> </span></span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls2c ws28 gs309\">Corporate i<span class=\"_ _6\"></span>nterest<span class=\"_ _6\"></span> restricti<span class=\"_ _6\"></span>on<span class=\"_ _20b\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _e3\"> </span></span><span class=\"ls15a ws14c\">1.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs30a\">De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1b1\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls5c ws4a\">3.6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs30b\">Tax r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s (cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>/c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls33 ws31 gs30c\">Deferred tax<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs30d\">Valuat<span class=\"_ _0\"></span>ion gain<span class=\"_ _0\"></span>s on f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _7d\"> </span><span class=\"ff4 ls1 ws1\">\u2013<span class=\"_ _208\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs30e\">Net a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial (lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es)<span class=\"_ _0\"></span>/gains on p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _20c\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>6)<span class=\"_ _170\"> </span></span><span class=\"ls5c ws4a\">3.<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs30f\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed)<span class=\"_ _0\"></span>/c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _14b\"> </span><span class=\"ls12 ws91\">(0.6)<span class=\"_ _3d\"> </span><span class=\"ff3a ls5c ws4a\">3.9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs310\">Tax r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>/(c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d) di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls33 ws31 gs311\">Deferred tax<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs312\">Share-based pay<span class=\"_ _0\"></span>ments <span class=\"_ _16b\"> </span><span class=\"ff4 lsc5 wsbf\">0.<span class=\"_ _0\"></span>2<span class=\"_ _b1\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs313\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed) t<span class=\"_ _0\"></span>o eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1ae\"> </span><span class=\"lsc5 wsbf\">0.<span class=\"_ _0\"></span>2<span class=\"_ _b1\"> </span><span class=\"ff3a ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls91 ws7a gs315\">Defer<span class=\"_ _0\"></span>red T<span class=\"_ _6\"></span>ax Provision<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs316\">T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsfb wsdf gs317\">Defe<span class=\"_ _6\"></span>rre<span class=\"_ _6\"></span>d tax<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs318\">De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>/(lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs319\">Group </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 lsd5 ws1b gs31a\">Retirement </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs31b\">be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 lsd5 ws1b gs31c\">obli<span class=\"_ _6\"></span>gations<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs31d\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs31e\">T<span class=\"_ _6\"></span>ax l<span class=\"_ _6\"></span>osses </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls142 ws13 gs31f\">carr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs320\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2e ws2a gs321\">Employee share </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls17 ws13 gs322\">schemes</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs323\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs324\">Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws157 gs325\">(liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>/ </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs326\">assets</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs327\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls135 wsce gs328\">Decele<span class=\"_ _6\"></span>rated tax </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2e ws114 gs329\">depreciation</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs32a\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws157 gs32b\">Un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls96 ws138 gs32c\">cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al gains </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws157 gs32d\">(on P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs32e\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2f ws2b gs32f\">Pen<span class=\"_ _0\"></span>sion </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2f ws2b gs330\">spr<span class=\"_ _0\"></span>eadin<span class=\"_ _0\"></span>g<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs331\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls20 ws117 gs332\">Other<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs333\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs334\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls141 ws132 gs335\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs336\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs337\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21<span class=\"_ _b7\"> </span><span class=\"ff3a ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _113\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>8<span class=\"_ _97\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _113\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _113\"> </span>4<span class=\"_ _1\"></span>.1<span class=\"_ _114\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _34\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _18f\"> </span></span></span>(5<span class=\"_ _0\"></span>.3)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsa2 ws9 gs338\">(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c9\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.8<span class=\"_ _34\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.8<span class=\"_ _d1\"> </span><span class=\"ls4d ws49\">(5.<span class=\"_ _0\"></span>2)<span class=\"_ _8a\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _89\"> </span></span></span></span></span></span></span>(0<span class=\"_ _0\"></span>.5)<span class=\"_ _f0\"> </span>(3<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs339\">(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e) to ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsiv<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws16 gs33a\">income<span class=\"_ _20d\"> </span><span class=\"ls3d ws3b\">(3.8)<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _12f\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _aa\"> </span></span>(3.9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs33b\">Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _20f\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 wsf gs33c\">Recategorisati<span class=\"_ _6\"></span>on<span class=\"_ _210\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.4<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _18f\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _c1\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs33d\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _5f\"> </span><span class=\"ff3a ls5c ws4a\">(3.5)<span class=\"_ _a4\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _211\"> </span></span>4.9<span class=\"_ _f0\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>2<span class=\"_ _59\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _113\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>0<span class=\"_ _ec\"> </span><span class=\"ls59 ws56\">(12<span class=\"_ _1\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsa2 ws9 gs33e\">(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c9\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _89\"> </span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _da\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d2\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _f7\"> </span>(1.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _da\"> </span>(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _ee\"> </span><span class=\"ls4d ws49\">(2<span class=\"_ _0\"></span>.4)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs33f\">Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws16 gs340\">income<span class=\"_ _122\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _108\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _7a\"> </span></span>0.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs341\">(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e) take<span class=\"_ _0\"></span>n dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _b7\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _aa\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs342\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _212\"> </span><span class=\"ls1\">(3<span class=\"_ _0\"></span>.7)<span class=\"_ _f7\"> </span><span class=\"lsc5 wsbf\">9.9<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ls80 wse4\">3.4<span class=\"_ _ea\"> </span><span class=\"ls5c ws4a\">(2<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _d9\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _211\"> </span></span></span>4.4<span class=\"_ _127\"> </span><span class=\"ls13 ws5e\">(14<span class=\"_ _1\"></span>.7)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs343\">1 In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a34.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs344\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs345\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs346\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs347\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs348\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _1e4\"> </span><span class=\"ff4 lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls88 ws2f gs349\">De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1b2\"> </span><span class=\"ff4 ls7b ws7b\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _dc\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls13 ws5e gs34a\">(14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _9f\"> </span><span class=\"ff3a ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)</span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs34b\"> De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>/(lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs34c\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 lsd5 ws1b gs34d\">Retirement </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs34e\">be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 lsd5 ws1b gs34f\">obli<span class=\"_ _6\"></span>gations<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs350\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs351\">T<span class=\"_ _6\"></span>ax l<span class=\"_ _6\"></span>osses </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls142 ws13 gs352\">carr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs353\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2e ws2a gs354\">Employee share </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls17 ws13 gs355\">schemes</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs356\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs357\">Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws157 gs358\">(liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>/ </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs359\">assets</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs35a\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls135 wsce gs35b\">Decele<span class=\"_ _6\"></span>rated tax </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2e ws114 gs35c\">depreciation<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls153 ws142 gs35d\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws157 gs35e\">Un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls96 ws138 gs35f\">cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al gains </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws157 gs360\">(on P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs361\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2f ws2b gs362\">Pen<span class=\"_ _0\"></span>sion </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2f ws2b gs363\">spr<span class=\"_ _0\"></span>eadin<span class=\"_ _0\"></span>g<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs364\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls20 ws117 gs365\">Other</div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs366\">1</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs367\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls141 ws132 gs368\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs369\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs36a\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21<span class=\"_ _5f\"> </span><span class=\"ff3a ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _113\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>7<span class=\"_ _97\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _43\"> </span>4<span class=\"_ _1\"></span>.1<span class=\"_ _114\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _34\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _18f\"> </span><span class=\"ls33 ws30\">(5.4)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsa2 ws9 gs36b\">(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c1\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _d9\"> </span><span class=\"lsd ws16\">2.8<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _113\"> </span><span class=\"ls12 ws91\">0.8<span class=\"_ _d1\"> </span><span class=\"ls4d ws49\">(<span class=\"_ _0\"></span>5.2)<span class=\"_ _8a\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _89\"> </span></span></span></span></span></span></span>(0<span class=\"_ _0\"></span>.5)<span class=\"_ _f0\"> </span>(3<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs36c\">(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e)/cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs36d\">comprehensive i<span class=\"_ _6\"></span>ncome<span class=\"_ _ca\"> </span><span class=\"ls3d ws3b\">(3.8)<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _213\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _104\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _aa\"> </span></span>(3<span class=\"_ _0\"></span>.9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs36e\">Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _214\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span></span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _34\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 wsf gs36f\">Recategorisati<span class=\"_ _6\"></span>on<span class=\"_ _110\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _8f\"> </span>\u2013<span class=\"_ _211\"> </span><span class=\"ls12 ws91\">0.4<span class=\"_ _96\"> </span></span>\u2013<span class=\"_ _aa\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _c1\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs370\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _26\"> </span><span class=\"ff3a ls5c ws4a\">(3.5)<span class=\"_ _d6\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _34\"> </span></span>4.9<span class=\"_ _f0\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>2<span class=\"_ _1\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _113\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _ee\"> </span><span class=\"ls59 ws56\">(12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsa2 ws9 gs371\">(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c1\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _89\"> </span><span class=\"ls12 ws91\">(0.7)<span class=\"_ _8a\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d0\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span></span></span>(0.7)<span class=\"_ _89\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _f0\"> </span><span class=\"ls4d ws49\">(2.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs372\">Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws16 gs373\">income<span class=\"_ _38\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _7a\"> </span></span>0.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs374\">Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _214\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span></span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs375\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _215\"> </span><span class=\"ls1\">(3<span class=\"_ _0\"></span>.7)<span class=\"_ _f7\"> </span><span class=\"lsc5 wsbf\">9.9<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls80 wse4\">3.4<span class=\"_ _dc\"> </span><span class=\"ls5c ws4a\">(2<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _d9\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _211\"> </span></span></span>4.4<span class=\"_ _127\"> </span><span class=\"ls13 ws5e\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs376\">1 In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a34.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs377\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs378\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs379\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs37a\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs37b\">Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _1e4\"> </span><span class=\"ff4 lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls88 ws2f gs37c\">De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1b2\"> </span><span class=\"ff4 ls7b ws7b\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _dc\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls13 ws5e gs37d\">(14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _dc\"> </span><span class=\"ff3a ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs37f\">8. <span class=\"_ _a\"> </span>E<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs P<span class=\"_ _0\"></span>er S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs380\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs381\"> 5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs382\">ended </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs383\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs384\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 wsbd gs385\"> \u00a3m <span class=\"_ _0\"></span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs386\">52 weeks</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2e ws2a gs387\"> ended </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs388\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs389\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs38a\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs38b\">Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it a<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble t<span class=\"_ _0\"></span>o eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _1\"></span>s<span class=\"_ _216\"> </span><span class=\"lsc7 wsc0\">7.<span class=\"_ _1\"></span>9<span class=\"_ _e3\"> </span><span class=\"ff3a ls156 ws144\">7.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs38c\">Sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s net o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _1b0\"> </span><span class=\"ff4 ls39 ws37\">1.9<span class=\"_ _5f\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>1.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs38d\">Ad<span class=\"_ _0\"></span>jus<span class=\"_ _1\"></span>ted e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>o equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _79\"> </span><span class=\"lsc5 wsbf\">9.8<span class=\"_ _b1\"> </span><span class=\"ff3a ls12 ws91\">6.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7b ws7a gs38e\">Weighted average share capit<span class=\"_ _0\"></span>al<span class=\"_ _217\"> </span><span class=\"ls37 ws35\">60,<span class=\"_ _6\"></span>875<span class=\"_ _2\"></span>,000<span class=\"_ _105\"> </span><span class=\"ff3a ls7f wsc5\">6<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>,264,000<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs38f\">Diluti<span class=\"_ _0\"></span>ve ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds<span class=\"_ _218\"> </span><span class=\"ff4 ls37 ws35\">90,<span class=\"_ _6\"></span>000<span class=\"_ _d9\"> </span><span class=\"ff3a lsb5 wsaf\">4<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>3,<span class=\"_ _6\"></span>000<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls7b ws7a gs390\">Diluted weighted average share capit<span class=\"_ _0\"></span>al<span class=\"_ _219\"> </span><span class=\"ls37 ws35\">60,<span class=\"_ _6\"></span>965<span class=\"_ _6\"></span>,000<span class=\"_ _cc\"> </span><span class=\"ff3a lsb5 wsaf\">61<span class=\"_ _c\"></span>,677<span class=\"_ _10\"></span>,000<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hc0 ff4 fs6 fc5 sc0 ls18 ws1 gs391\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p \u2018A\u2019 an<span class=\"_ _0\"></span>d \u2018<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _21a\"> </span><span class=\"ls1a ws115\">Pence<span class=\"_ _175\"> </span><span class=\"ff3a ls1 wsbd\"> P<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs392\">Ba<span class=\"_ _0\"></span>sic ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are<span class=\"_ _21b\"> </span><span class=\"ff4 ls3b ws39\">12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _e4\"> </span></span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs393\">Dilute<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are<span class=\"_ _21c\"> </span><span class=\"ff4 ls3b ws39\">12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _21d\"> </span></span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs394\">Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _164\"> </span><span class=\"ff4 ls3d ws3b\">16<span class=\"_ _0\"></span>.10<span class=\"_ _e8\"> </span></span><span class=\"ls125 ws13a\">9<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs395\">Dilute<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _1a1\"> </span><span class=\"ff4 ls3d ws3b\">16.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _e8\"> </span></span><span class=\"ls125 ws13a\">9<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hc0 ff4 fs6 fc5 sc0 ls18 ws1 gs396\">4<span class=\"_ _0\"></span>p \u2018B<span class=\"_ _0\"></span>\u2019 o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _21e\"> </span><span class=\"ls1a ws115\">Pence<span class=\"_ _175\"> </span><span class=\"ff3a ls1 wsbd\"> P<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs397\">Ba<span class=\"_ _0\"></span>sic ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are<span class=\"_ _21f\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _170\"> </span></span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs398\">Dilute<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are<span class=\"_ _16f\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _170\"> </span></span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.15<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs399\">Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _17d\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>1<span class=\"_ _e8\"> </span></span><span class=\"ls12 ws91\">0.9<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs39a\">Dilute<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _220\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>1<span class=\"_ _e8\"> </span></span><span class=\"ls12 ws91\">0.9<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs39b\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o be us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d abo<span class=\"_ _0\"></span>ve, \u2018<span class=\"_ _0\"></span>B\u2019 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s one<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>f an \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 o<span class=\"_ _0\"></span>r \u2018C<span class=\"_ _0\"></span>\u2019 shar<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ear<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs39c\">calc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n is b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinuing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>eight<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al w<span class=\"_ _0\"></span>hich e<span class=\"_ _0\"></span>xclud<span class=\"_ _0\"></span>es s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>eld by t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs39d\">emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>ld in tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _1\"></span>y of 2,<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>3<span class=\"_ _0\"></span>4,<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>2 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: 1<span class=\"_ _6\"></span>,7<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>4,5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs39e\">Dilute<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span>s figu<span class=\"_ _0\"></span>re as f<span class=\"_ _0\"></span>or b<span class=\"_ _0\"></span>asic e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e, div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs39f\">or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar plu<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e weigh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t wo<span class=\"_ _0\"></span>uld be is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rsio<span class=\"_ _0\"></span>n of all th<span class=\"_ _0\"></span>e diluti<span class=\"_ _0\"></span>ve </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs3a0\">po<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>to or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3a1\">Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x exclu<span class=\"_ _0\"></span>ding se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms an<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al as </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3a2\">for t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asic a<span class=\"_ _0\"></span>nd dilut<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en inclu<span class=\"_ _0\"></span>ded a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3a3\">re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsc6 ws158 gs3a4\">9<span class=\"_ _2\"></span>. Dividends<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs3a5\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs3a6\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs3a7\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs3a8\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3a9\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3aa\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs3ab\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs3ac\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs3ad\">Declared and<span class=\"_ _6\"></span> paid<span class=\"_ _6\"></span> during the yea<span class=\"_ _6\"></span>r<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3ae\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s on or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3af\">Fin<span class=\"_ _0\"></span>al div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d for 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: 7<span class=\"_ _2\"></span>.41<span class=\"_ _6\"></span>p (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>: 0<span class=\"_ _0\"></span>p)<span class=\"_ _160\"> </span><span class=\"ff4 ls37 ws35\">4.6<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3b0\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>im div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>: 4.6<span class=\"_ _1\"></span>8p (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 3.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p)<span class=\"_ _221\"> </span><span class=\"ff4 lsea ws81\">2.8<span class=\"_ _b1\"> </span></span><span class=\"lsd ws16\">2.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3b1\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s pai<span class=\"_ _0\"></span>d <span class=\"_ _141\"> </span><span class=\"lsc7 wsc0\">7.<span class=\"_ _1\"></span>4<span class=\"_ _5f\"> </span><span class=\"ff3a lsd ws16\">2.4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3b2\">Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds on c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es (no<span class=\"_ _0\"></span>te 6)<span class=\"_ _222\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _94\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs3b3\">Propos<span class=\"_ _0\"></span>ed for approval<span class=\"_ _6\"></span> at the Annual General Meeting<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3b4\">Fin<span class=\"_ _0\"></span>al div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d for 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>: 10.0p (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: 7<span class=\"_ _2\"></span>.41<span class=\"_ _6\"></span>p)<span class=\"_ _223\"> </span><span class=\"ff4 ls85 ws9b\">6<span class=\"_ _0\"></span>.1<span class=\"_ _5f\"> </span></span><span class=\"ls7b ws7b\">4<span class=\"_ _0\"></span>.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3b5\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>igur<span class=\"_ _0\"></span>es ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e for t<span class=\"_ _0\"></span>he 4<span class=\"_ _1\"></span>0p \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p \u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e 4<span class=\"_ _0\"></span>p \u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y divide<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f one<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3b6\">app<span class=\"_ _0\"></span>licable t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es. O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>eld in th<span class=\"_ _0\"></span>e emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s do no<span class=\"_ _0\"></span>t qualif<span class=\"_ _1\"></span>y for di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s as t<span class=\"_ _0\"></span>he T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>aive<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>heir rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3b7\">Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e also no<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>aid on o<span class=\"_ _0\"></span>wn s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>eld as t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div>10<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Group and Company Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill \u00a3m<span class=\"_ _2db\"> </span>IT Devel<span class=\"_ _6\"></span>opment<span class=\"_ _2db\"> </span>costs \u00a3m<span class=\"_ _2db\"> </span>Group To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Comp<span class=\"_ _0\"></span>any To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _224\"> </span><span class=\"ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _e8\"> </span><span class=\"lsd ws16\">32.4<span class=\"_ _1ac\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _2db\"> </span></span></span></span></span>Additions<span class=\"_ _225\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _226\"> </span><span class=\"ff3a ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _e8\"> </span><span class=\"ls33 ws30\">34.8<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">6.6<span class=\"_ _2db\"> </span></span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _227\"> </span><span class=\"ls39 ws6e\"> 3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _91\"> </span> 3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span> 6<span class=\"_ _0\"></span>.6 </span></span>Amor<span class=\"_ _0\"></span>tisation an<span class=\"_ _6\"></span>d imp<span class=\"_ _6\"></span>airment<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _bc\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _e6\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _208\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.2 <span class=\"_ _9a\"> </span> 0.2 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>2 </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1ca\"> </span><span class=\"ff3a ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.2<span class=\"_ _1ac\"> </span><span class=\"ls33 ws30\">5.3<span class=\"_ _1ac\"> </span></span>0.4<span class=\"_ _2db\"> </span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _228\"> </span><span class=\"ls85 ws3f\"> 5<span class=\"_ _1\"></span>.1 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.7 <span class=\"_ _e8\"> </span><span class=\"lsea ws36\"> 5.8<span class=\"_ _6\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _0\"></span>9 </span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _229\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7 <span class=\"_ _dd\"> </span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _96\"> </span><span class=\"lsc5 wsaf\"> 29.0 <span class=\"_ _e8\"> </span></span> 5.7 </span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _82\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _9a\"> </span><span class=\"ls1 ws91\"> 2.8 <span class=\"_ _44\"> </span> 2<span class=\"_ _0\"></span>9.5 <span class=\"_ _9a\"> </span> 6.2 </span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _102\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.6 <span class=\"_ _175\"> </span><span class=\"ls156 ws148\"> 2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span></span> 4.0 </span></span>IT Development cos<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed as I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rol o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e imple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span> a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m and ar<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>de up o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>nsult<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ime an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nal em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _2db\"> </span>2023<span class=\"_ _22a\"> </span><span class=\"ff3a ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill i<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>Us a<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Managed<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>enanted<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _b7\"> </span><span class=\"ff3a ls22 ws15\">\u00a3m<span class=\"_ _2db\"> </span></span>Gal<span class=\"_ _6\"></span>es estate<span class=\"_ _22b\"> </span><span class=\"ff4 ls85 ws3f\"> 9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7 <span class=\"_ _16a\"> </span></span></span></span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinne<span class=\"_ _0\"></span>ss e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _1d2\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e7\"> </span><span class=\"ff3a ls12\">0.6<span class=\"_ _2db\"> </span></span></span>Bel &amp; T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Dr<span class=\"_ _0\"></span>ago<span class=\"_ _0\"></span>n<span class=\"_ _227\"> </span><span class=\"ff4 ls39 ws6e\"> 1.0<span class=\"_ _0\"></span> <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _9a\"> </span></span> 1.0<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns &amp; Ho<span class=\"_ _0\"></span>tels<span class=\"_ _79\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _1\"></span>.4 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 2.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"lsd ws16\">2.4</span> 13<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _16a\"> </span><span class=\"ff3a ls125 ws13a\">2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs3b9\">1<span class=\"_ _6\"></span>1. <span class=\"_ _b\"> </span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, Pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d Equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs3ba\">Group </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3bb\">L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp;</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3bc\"> buil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs \u2013 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3bd\">ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs3be\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3bf\">L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp;</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3c0\"> buil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs \u2013 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3c1\">ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 lsd5 wsf8 gs3c2\">acting as<span class=\"_ _6\"></span> </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls24 ws138 gs3c3\">less<span class=\"_ _0\"></span>or</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs3c4\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs3c5\">Pla<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls17 ws15 gs3c6\">machinery &amp; </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls15b ws151 gs3c7\">vehicl<span class=\"_ _0\"></span>es</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs3c8\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3c9\">Fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s &amp;</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1a ws17 gs3ca\"> fittings </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs3cb\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls141 ws132 gs3cc\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs3cd\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls19 ws1d gs3ce\">Cost<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3cf\">At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _22c\"> </span><span class=\"ls125 ws13a\">4<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>2.7<span class=\"_ _21d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>0<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _b9\"> </span><span class=\"ls12 ws91\">6.3<span class=\"_ _e4\"> </span><span class=\"ls48 wse3\">17<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>6<span class=\"_ _44\"> </span><span class=\"ls33 ws30\">76<span class=\"_ _0\"></span>8.4<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws16 gs3d0\">Additions<span class=\"_ _22d\"> </span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>3<span class=\"_ _94\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">9.6<span class=\"_ _e8\"> </span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs3d1\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3d2\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _1a3\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3d3\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _230\"> </span><span class=\"lsd ws16\">2.4<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _1ac\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3d4\">At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _231\"> </span><span class=\"ff3a ls5c ws4a\">49<span class=\"_ _0\"></span>3.6<span class=\"_ _8f\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.6<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">6.3<span class=\"_ _8f\"> </span><span class=\"ls3e ws3c\">17<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _44\"> </span></span>789.0<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws16 gs3d5\">Additions<span class=\"_ _232\"> </span><span class=\"ls59 ws9b\"> 12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2.3 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e4\"> </span><span class=\"ls3c ws152\"> 15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls12 wsf\"> 3<span class=\"_ _0\"></span>0.0 </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs3d6\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span>(0.<span class=\"_ _0\"></span>3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _1a3\"> </span><span class=\"lsb ws2e\">(6.<span class=\"_ _0\"></span>6) <span class=\"_ _17b\"> </span></span></span>(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>3) </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3d7\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls3b ws39\">(9.2)<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3d8\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _62\"> </span><span class=\"ls80 ws83\"> 49<span class=\"_ _0\"></span>6.4 <span class=\"_ _7a\"> </span><span class=\"ls14e ws5b\"> 111.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 6.<span class=\"_ _0\"></span>3 <span class=\"_ _190\"> </span><span class=\"lsc7 ws14b\"> 1<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _97\"> </span><span class=\"ls39 ws6e\"> 8<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>5 </span></span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs3d9\">Depreciation and impa<span class=\"_ _6\"></span>irment<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3da\">At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _233\"> </span><span class=\"ls33 ws30\">48<span class=\"_ _0\"></span>.8<span class=\"_ _1ac\"> </span><span class=\"ls125 ws13a\">9<span class=\"_ _0\"></span>.7<span class=\"_ _b9\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>7<span class=\"_ _21d\"> </span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _175\"> </span><span class=\"ls3e ws3c\">17<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3db\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _234\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _36\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _1a3\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs3dc\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws39 gs3dd\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _235\"> </span><span class=\"ls5c ws4a\">3.3<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span></span>3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3de\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _236\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls4e ws6e\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _9a\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3df\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _237\"> </span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span>0.5<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3e0\">At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _238\"> </span><span class=\"ff3a ls12 ws91\">5<span class=\"_ _0\"></span>4.9<span class=\"_ _9a\"> </span><span class=\"ls158 ws14f\">10.<span class=\"_ _1\"></span>3<span class=\"_ _b9\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>7<span class=\"_ _175\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _8f\"> </span><span class=\"lse7 wse2\">19<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3e1\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _239\"> </span><span class=\"ls1 ws91\"> 4.8 <span class=\"_ _1a3\"> </span><span class=\"ls48 ws3a\"> 1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e3\"> </span></span> \u2013 <span class=\"_ _8f\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _e4\"> </span><span class=\"ls15a ws2c\"> 1<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs3e2\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _23a\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _0\"></span> <span class=\"_ _be\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _1a3\"> </span></span></span>(6<span class=\"_ _0\"></span>.3)<span class=\"_ _0\"></span> <span class=\"_ _dd\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3e3\">Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s (not<span class=\"_ _0\"></span>e 13)<span class=\"_ _23b\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _b7\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _8f\"> </span></span> 13<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3e4\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _f1\"> </span><span class=\"ls4e ws6e\">(2<span class=\"_ _0\"></span>.3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls5c ws4a\">(3.5) </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3e5\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8e\"> </span><span class=\"lsc5 wsaf\"> 70.0<span class=\"_ _6\"></span> <span class=\"_ _44\"> </span><span class=\"ls14e ws5b\"> 11.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span><span class=\"ls1 ws91\"> 1.7 <span class=\"_ _97\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _e1\"> </span><span class=\"ls94 wsad\"> 2<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 </span></span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3e6\">Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _7b\"> </span><span class=\"ls80 ws83\"> 426.4 <span class=\"_ _113\"> </span><span class=\"ls3d ws4a\"> 10<span class=\"_ _1\"></span>0.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 4.<span class=\"_ _0\"></span>6 <span class=\"_ _91\"> </span><span class=\"lsc5 wsaf\"> 5<span class=\"_ _0\"></span>2.0<span class=\"_ _85\"> </span></span> 5<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3.<span class=\"_ _0\"></span>3 </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3e7\">Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _95\"> </span><span class=\"ls125 ws13a\">4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _e8\"> </span><span class=\"ls12 ws91\">9<span class=\"_ _0\"></span>9.3<span class=\"_ _1ac\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _9a\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _8f\"> </span></span></span></span>5<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>2.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3e8\">Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _95\"> </span><span class=\"ls5c ws4a\">43<span class=\"_ _0\"></span>3.9<span class=\"_ _9a\"> </span><span class=\"ls15a ws14c\">9<span class=\"_ _59\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _dd\"> </span></span></span>5<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>6<span class=\"_ _96\"> </span><span class=\"ls12 ws91\">590.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></div>Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp; buildings \u2013 ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; use<span class=\"_ _0\"></span>d \u00a3m<span class=\"_ _2db\"> </span>L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp; buil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs \u2013 ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; acting as<span class=\"_ _6\"></span> les<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>r \u00a3m<span class=\"_ _2db\"> </span>Pla<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, machinery &amp; vehicl<span class=\"_ _0\"></span>es \u00a3m<span class=\"_ _2db\"> </span>Fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s &amp; fittings \u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l \u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _22c\"> </span><span class=\"ls91 wsad\">47<span class=\"_ _0\"></span>9.2<span class=\"_ _e4\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _208\"> </span><span class=\"ls33 ws30\">4.8<span class=\"_ _e4\"> </span><span class=\"ls48 wse3\">17<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _8f\"> </span><span class=\"ls5c ws4a\">763.0<span class=\"_ _2db\"> </span></span></span></span></span></span>Additions<span class=\"_ _22d\"> </span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>3<span class=\"_ _94\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">9.6<span class=\"_ _e8\"> </span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _1a3\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _230\"> </span><span class=\"lsd ws16\">2.4<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _1ac\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _2db\"> </span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _194\"> </span><span class=\"ff3a ls15a ws14c\">4<span class=\"_ _59\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _175\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _5f\"> </span><span class=\"ls33 ws30\">4.8<span class=\"_ _e4\"> </span></span></span>1<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls5c ws4a\">7<span class=\"_ _0\"></span>83.6<span class=\"_ _2db\"> </span></span></span>Additions<span class=\"_ _232\"> </span><span class=\"ls59 ws9b\"> 12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2.3 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e4\"> </span><span class=\"ls3c ws152\"> 15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls12 wsf\"> 3<span class=\"_ _0\"></span>0.0 </span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span>(0.<span class=\"_ _0\"></span>3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _1a3\"> </span><span class=\"lsb ws2e\">(6.<span class=\"_ _0\"></span>6) <span class=\"_ _17b\"> </span></span></span>(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>3) T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls3b ws39\">(9.2)<span class=\"_ _0\"></span> </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _62\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _108\"> </span><span class=\"ls14e ws5b\"> 111.<span class=\"_ _1\"></span>6 <span class=\"_ _e8\"> </span></span> 4.<span class=\"_ _0\"></span>8 <span class=\"_ _e1\"> </span><span class=\"ls94 wsad\"> 18<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>8 <span class=\"_ _43\"> </span><span class=\"ls85 ws3f\"> 7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> </span></span></span>Depreciation and impa<span class=\"_ _6\"></span>irment<span class=\"_ _23c\"> </span><span class=\"ff3a ls1 ws1\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _233\"> </span><span class=\"ls7b ws7b\">4<span class=\"_ _0\"></span>4.6<span class=\"_ _1ac\"> </span><span class=\"ls125 ws13a\">9<span class=\"_ _0\"></span>.7<span class=\"_ _5f\"> </span><span class=\"ls8a ws7d\">2.5<span class=\"_ _e4\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _2\"></span>16.0<span class=\"_ _44\"> </span><span class=\"ls3e ws3c\">17<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.8<span class=\"_ _2db\"> </span></span></span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _234\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _36\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _1a3\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _235\"> </span><span class=\"ls5c ws4a\">3.3<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span></span>3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _236\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls4e ws6e\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _9a\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _2db\"> </span></span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _23d\"> </span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span>0.5<span class=\"_ _2db\"> </span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _23e\"> </span><span class=\"ff3a ls125 ws13a\">5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _9a\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1ac\"> </span><span class=\"ls8a ws7d\">2<span class=\"_ _0\"></span>.5<span class=\"_ _e4\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _e4\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _6\"></span>90.9<span class=\"_ _2db\"> </span></span></span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _239\"> </span><span class=\"ls1 ws91\"> 4.8 <span class=\"_ _1a3\"> </span><span class=\"ls48 ws3a\"> 1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e3\"> </span></span> \u2013 <span class=\"_ _8f\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _e4\"> </span><span class=\"ls15a ws2c\"> 1<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> </span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _23a\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _0\"></span> <span class=\"_ _be\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _1a3\"> </span></span></span>(6<span class=\"_ _0\"></span>.3)<span class=\"_ _0\"></span> <span class=\"_ _dd\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> </span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _f5\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _b7\"> </span> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _8f\"> </span></span> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _f1\"> </span><span class=\"ls4e ws6e\">(2<span class=\"_ _0\"></span>.3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls5c ws4a\">(3.5) </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span><span class=\"lsea ws36\"> 65.8 <span class=\"_ _44\"> </span><span class=\"ls14e ws5b\"> 11.<span class=\"_ _1\"></span>3 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>.5 <span class=\"_ _e1\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _97\"> </span> 2<span class=\"_ _0\"></span>12<span class=\"_ _1\"></span>.8 </span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _240\"> </span><span class=\"lsc7 ws14b\"> 4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7.1<span class=\"_ _0\"></span> <span class=\"_ _e1\"> </span><span class=\"ls3d ws4a\"> 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2.<span class=\"_ _1\"></span>3 <span class=\"_ _91\"> </span><span class=\"ls37 ws81\"> 53<span class=\"_ _0\"></span>.6<span class=\"_ _108\"> </span></span> 5<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3.<span class=\"_ _0\"></span>3 </span></span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _241\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9.4 <span class=\"_ _44\"> </span> 99<span class=\"_ _0\"></span>.3 <span class=\"_ _e8\"> </span> 2<span class=\"_ _0\"></span>.3 <span class=\"_ _21d\"> </span><span class=\"ls48 ws3a\"> 51.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _43\"> </span><span class=\"ls125 ws3d\"> 5<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>2.7<span class=\"_ _0\"></span> </span></span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _241\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.6 <span class=\"_ _175\"> </span><span class=\"ls15a ws2c\"> 9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span></span> 2.3 <span class=\"_ _44\"> </span> 5<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>2 <span class=\"_ _e1\"> </span> 5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0.2 </span><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs3ea\">12. <span class=\"_ _b\"> </span>I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1e ws1b gs3eb\"> Group and </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs3ec\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y  </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs3ed\">Fr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>old a<span class=\"_ _0\"></span>nd<span class=\"ls1\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls24 ws18 gs3ee\"> lease<span class=\"_ _0\"></span>hold prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs3ef\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3f0\">Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _20a\"> </span><span class=\"ff3a ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3f1\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale<span class=\"_ _23c\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs3f2\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _242\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3f3\">Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _243\"> </span><span class=\"ff3a ls48 wse3\">1.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws6e gs3f4\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _244\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3f5\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _245\"> </span><span class=\"ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3f6\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _139\"> </span><span class=\"ff3a ls1 ws91\"> 0.2 </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3f7\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _246\"> </span><span class=\"ls1 ws91\"> \u2013 </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3f8\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale<span class=\"_ _247\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs3f9\">At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _248\"> </span><span class=\"ff3a ls15a ws2c\"> 0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3fa\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _246\"> </span><span class=\"ls1 ws91\"> \u2013 </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3fb\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _245\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3fc\">Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _156\"> </span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3fd\">Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _249\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs3fe\">Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _178\"> </span><span class=\"ls15a ws14c\">3<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs3ff\">Fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _24a\"> </span><span class=\"ls1\">6.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs400\">Fair v<span class=\"_ _0\"></span>alue at 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _24b\"> </span><span class=\"ls33 ws30\">8.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs401\">Fair v<span class=\"_ _0\"></span>alue at 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _1a6\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs402\">T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s, b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e ear<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear a<span class=\"_ _0\"></span>nd av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs403\">yield<span class=\"_ _0\"></span>s ear<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d on c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m pub<span class=\"_ _0\"></span>licly av<span class=\"_ _0\"></span>ailable inf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, whi<span class=\"_ _0\"></span>ch is a L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 fair v<span class=\"_ _0\"></span>alue valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>que. A<span class=\"_ _0\"></span>n in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs404\">pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies h<span class=\"_ _0\"></span>as no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsb ws2e gs405\">Im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs406\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ea<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>let t<span class=\"_ _0\"></span>o be a C<span class=\"_ _0\"></span>GU an<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>ch C<span class=\"_ _0\"></span>GU is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nnually f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sing w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs407\">imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to i<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt is t<span class=\"_ _0\"></span>he high<span class=\"_ _0\"></span>er of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs408\">value in us<span class=\"_ _0\"></span>e. Du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he 5<span class=\"_ _1\"></span>3 wee<span class=\"_ _0\"></span>ks en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup did n<span class=\"_ _0\"></span>ot imp<span class=\"_ _0\"></span>air an<span class=\"_ _0\"></span>y inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3nil).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs409\">Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he hig<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t use o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y is it<span class=\"_ _0\"></span>s cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t use.<span class=\"_ _0\"></span> </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls91 ws7a gs40a\">Inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment Pr<span class=\"_ _0\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Inco<span class=\"_ _0\"></span>me<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs40b\">T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>t on b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h landlo<span class=\"_ _0\"></span>rd a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>airing l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial ye<span class=\"_ _0\"></span>ar rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs40c\">inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _0\"></span> </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs40d\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs40e\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs40f\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs410\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs411\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsd ws9 gs412\">Rental income <span class=\"_ _249\"> </span><span class=\"ff4 lsc5 wsbf\">0.3<span class=\"_ _b1\"> </span></span><span class=\"ls12 ws91\">0.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs413\">Dire<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _24c\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs414\">All dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsa0 ws15a gs416\">13<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> Impairment <span class=\"_ _24d\"></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs417\">Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, impairm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>14.3 million (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>3 million) were r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>ems<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs418\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs419\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs41a\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs41b\">2022</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs41c\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls19 ws79 gs41d\">Impai<span class=\"_ _6\"></span>rment losses<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs41e\">Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _24e\"> </span><span class=\"ff4 ls3b ws39\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs41f\">Rig<span class=\"_ _6\"></span>ht<span class=\"_ _6\"></span>-of-use<span class=\"_ _6\"></span> assets<span class=\"_ _1d4\"> </span><span class=\"ff4 lsc5 wsbf\">0.5<span class=\"_ _8b\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs420\">As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _24f\"> </span><span class=\"ff4 lsc5 wsbf\">0.4<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws39 gs421\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _17d\"> </span><span class=\"ff4 ws5e\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs422\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs423\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs424\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs425\">2022</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs426\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls19 ws79 gs427\">Impai<span class=\"_ _6\"></span>rment losses<span class=\"_ _6\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs428\">Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _24e\"> </span><span class=\"ff4 ls3b ws39\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _b1\"> </span><span class=\"lse4 wsdf\">3.3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls16 ws12 gs429\">Rig<span class=\"_ _6\"></span>ht<span class=\"_ _6\"></span>-of-use<span class=\"_ _6\"></span> assets<span class=\"_ _1d4\"> </span><span class=\"ff4 lsc5 wsbf\">0.5<span class=\"_ _8b\"> </span><span class=\"ls1 ws1\">\u2013 </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs42a\">As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _24f\"> </span><span class=\"ff4 lsc5 wsbf\">0.4<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs42b\">Inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s</div><div class=\"t m0 hc7 ff3a fs7 fc5 sc0 ls1 ws1 gs42c\">1</div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls1 ws91 gs42d\"> \u2013 <span class=\"_ _3d\"> </span><span class=\"lsc5 wsbf\">0.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws39 gs42e\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _17d\"> </span><span class=\"ff4 ws5e\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _b1\"> </span><span class=\"lse4 wsdf\">3.5<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h9c ff3a fs8 fc5 sc0 ls40 ws1 gs42f\">1 <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>ld In<span class=\"_ _0\"></span>ns &amp; H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s wa<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by \u00a3<span class=\"_ _1\"></span>0.4 millio<span class=\"_ _0\"></span>n as t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en h<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>p in<span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny (<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 million)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs430\">Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, Pla<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Eq<span class=\"_ _0\"></span>uip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs431\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ea<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>let t<span class=\"_ _0\"></span>o be a C<span class=\"_ _0\"></span>GU an<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>ch C<span class=\"_ _0\"></span>GU is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nnually f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sing w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t has </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs432\">be<span class=\"_ _0\"></span>en imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt is t<span class=\"_ _0\"></span>he high<span class=\"_ _0\"></span>er of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s fair valu<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs433\">(\u201cF<span class=\"_ _1\"></span>VL<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>S\u201d<span class=\"_ _0\"></span>) and i<span class=\"_ _0\"></span>ts v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e. In t<span class=\"_ _0\"></span>he ab<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of a<span class=\"_ _0\"></span>ny inf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of a C<span class=\"_ _0\"></span>GU, th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is d<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>s value in u<span class=\"_ _0\"></span>se. F<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs434\">pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es of e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>e in use o<span class=\"_ _0\"></span>f CG<span class=\"_ _0\"></span>Us, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d a dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs435\">th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>lans c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>erin<span class=\"_ _0\"></span>g a th<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs436\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup us<span class=\"_ _0\"></span>es a r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f met<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ods f<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ting F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>CS w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h inclu<span class=\"_ _0\"></span>de ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing a m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket m<span class=\"_ _0\"></span>ultip<span class=\"_ _0\"></span>le to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA a<span class=\"_ _0\"></span>nd, f<span class=\"_ _0\"></span>or le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>hold si<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s, pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs437\">te<span class=\"_ _0\"></span>chniq<span class=\"_ _0\"></span>ues u<span class=\"_ _0\"></span>sing a dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s also ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns fo<span class=\"_ _0\"></span>r a sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a t<span class=\"_ _0\"></span>hird p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs438\">ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h F<span class=\"_ _1\"></span>VL<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>S me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>y on inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s n<span class=\"_ _0\"></span>ot no<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mally ob<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>able b<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ticipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d are t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy. </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs439\">T<span class=\"_ _0\"></span>he ke<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>ting t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncial b<span class=\"_ _0\"></span>udg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e initial t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d wer<span class=\"_ _0\"></span>e as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs43a\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">Trading v<span class=\"_ _0\"></span>olume<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>: th<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s m<span class=\"_ _0\"></span>ake as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g volu<span class=\"_ _0\"></span>mes b<span class=\"_ _0\"></span>y sit<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s aro<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs43b\">th<span class=\"_ _0\"></span>e UK e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomic r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>y and t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oing imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>onf<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs43c\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s: t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n hist<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s, adjus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of in<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n mo<span class=\"_ _0\"></span>st n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>od, u<span class=\"_ _0\"></span>tilit<span class=\"_ _0\"></span>ies, an<span class=\"_ _0\"></span>d </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs43d\">wa<span class=\"_ _0\"></span>ge inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s som<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to ab<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te as w<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24 and int<span class=\"_ _0\"></span>o F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs43e\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">L<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cal f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sit<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt y<span class=\"_ _0\"></span>ear o<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e sit<span class=\"_ _0\"></span>e in fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. Ke<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>clude t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial of r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs43f\">inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d sit<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asing o<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>ducin<span class=\"_ _0\"></span>g mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t sup<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e loc<span class=\"_ _0\"></span>al ar<span class=\"_ _0\"></span>ea.<span class=\"_ _0\"></span><span class=\"ff9 fc4 ls1\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls7c ws16 gs440\">Ot<span class=\"_ _0\"></span>her assump<span class=\"_ _0\"></span>tions used:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs441\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 2.<span class=\"_ _0\"></span>0%) wa<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed bu<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs442\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>n E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A multip<span class=\"_ _0\"></span>le is es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a nor<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>alised t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading b<span class=\"_ _0\"></span>asis an<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ained f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om ex<span class=\"_ _1\"></span>ter<span class=\"_ _0\"></span>nal s<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge mult<span class=\"_ _0\"></span>iple of 10.5<span class=\"_ _0\"></span>x (f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs443\">1<span class=\"_ _2\"></span>1.8x<span class=\"_ _0\"></span>) is us<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>nd 10.9<span class=\"_ _0\"></span>x on t<span class=\"_ _0\"></span>he Tenant<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc4 sc0 lsb ws2e gs444\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al, which is u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d acr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss all CG<span class=\"_ _0\"></span>Us due t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>heir similar cha<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs445\">disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e is 1<span class=\"_ _6\"></span>0.<span class=\"_ _0\"></span>3% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 8<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>%).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs446\">Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is also lo<span class=\"_ _0\"></span>wer t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>GU\u2019s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alue fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k of imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his is<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs447\">me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e highe<span class=\"_ _0\"></span>r of F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s valu<span class=\"_ _0\"></span>e in use. W<span class=\"_ _1\"></span>here t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y valuat<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue, </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws39 gs448\">no im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs449\">Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>f \u00a313.4 million (F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.3 million) on pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs44a\">and  \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.5 million (F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>nil mill<span class=\"_ _6\"></span>ion) of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n of t<span class=\"_ _1\"></span>wen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _1\"></span>wo lice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>heir as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs44b\">value<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he high<span class=\"_ _0\"></span>er of F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S o<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>eir value in us<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e dr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>en pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>ally b<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in t<span class=\"_ _0\"></span>he lo<span class=\"_ _0\"></span>cal c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs44c\">whi<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>he pu<span class=\"_ _0\"></span>bs ar<span class=\"_ _0\"></span>e sit<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls86 ws79 gs44e\">Sensitivity to Ch<span class=\"_ _6\"></span>anges<span class=\"_ _6\"></span> in<span class=\"_ _2\"></span> A<span class=\"_ _0\"></span>ssumptions<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs44f\">T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f value in u<span class=\"_ _0\"></span>se is mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s, gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs450\">calc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n of v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e is also de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s: sale<span class=\"_ _0\"></span>s vo<span class=\"_ _0\"></span>lume; gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>rgin in M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>emise<span class=\"_ _0\"></span>s; b<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ge an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs451\">in T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>remis<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>; and w<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st in M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>emise<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>heir as<span class=\"_ _0\"></span>signe<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t k<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>wle<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs452\">hist<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>cal in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e value in us<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsider a m<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>.5% in th<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs453\">0.5% in t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>able w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et y<span class=\"_ _0\"></span>ield cur<span class=\"_ _1\"></span>ves a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t is se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs454\">Im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k \u2013 in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(de<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e)<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs455\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs456\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs457\">2022</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs458\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs459\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e by 1.5%<span class=\"_ _24e\"> </span><span class=\"ff4 ls1\">24<span class=\"_ _0\"></span>.7<span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">11<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs45a\">De<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e by 1.5%<span class=\"_ _250\"> </span><span class=\"ff4 ls4e ws6e\">(15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8)<span class=\"_ _9a\"> </span></span><span class=\"ls94 ws44\">(4.4)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs45b\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e gro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>y 0.5%<span class=\"_ _164\"> </span><span class=\"ff4 ls7c wsb0\">(5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs45c\">De<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e by 0<span class=\"_ _0\"></span>.5%<span class=\"_ _1fb\"> </span><span class=\"ff4 ls1\">6<span class=\"_ _0\"></span>.7<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs45d\">T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in use c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is also se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>ns in t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>y fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>demic<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs45e\">env<span class=\"_ _0\"></span>iro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>umer b<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>iour as a r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sult o<span class=\"_ _0\"></span>f it<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GUs r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he \u201cim<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>\u201d w<span class=\"_ _0\"></span>ould h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>eir F<span class=\"_ _0\"></span>V<span class=\"_ _1\"></span>LC<span class=\"_ _0\"></span>S </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs45f\">det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in or<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>de w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d. A gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y value<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>folio wo<span class=\"_ _0\"></span>uld hav<span class=\"_ _0\"></span>e a similar ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs460\">to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t abo<span class=\"_ _0\"></span>ve, i.e., a<span class=\"_ _0\"></span>ny r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y value<span class=\"_ _0\"></span>s would le<span class=\"_ _0\"></span>ad t<span class=\"_ _0\"></span>o as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g at ris<span class=\"_ _0\"></span>k of imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. In t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>, a dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of 5% in t<span class=\"_ _0\"></span>he F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs461\">would h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e led t<span class=\"_ _0\"></span>o an ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ional im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f \u00a31.9 mi<span class=\"_ _6\"></span>llion for t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GUs w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsd6 wsf4 gs462\">Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs463\">Goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>ombin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>een allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>n an es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d div<span class=\"_ _0\"></span>isional C<span class=\"_ _0\"></span>GU le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>his r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he low<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs464\">lev<span class=\"_ _0\"></span>el wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p at w<span class=\"_ _0\"></span>hich g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill is monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will by o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt is in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs465\">10. Rec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f value in u<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s as disc<span class=\"_ _0\"></span>uss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs466\">flo<span class=\"_ _0\"></span>ws b<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e bud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d are e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>pola<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs467\">th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e are u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d for g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill as th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e for p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, p<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs468\">Se<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s   </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs469\">Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nable c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of v<span class=\"_ _0\"></span>alue in use<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>.5% in th<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e or </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs46a\">dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th of 0<span class=\"_ _0\"></span>.5% wo<span class=\"_ _0\"></span>uld no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>sult in an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls91 ws7a gs46b\">Inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment Pr<span class=\"_ _0\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs46c\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ea<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>let t<span class=\"_ _0\"></span>o be a C<span class=\"_ _0\"></span>GU an<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>ch C<span class=\"_ _0\"></span>GU is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nnually f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. D<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs46d\">th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up did no<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air any in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3nil). Re<span class=\"_ _0\"></span>fer t<span class=\"_ _0\"></span>o no<span class=\"_ _0\"></span>te 12.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs46e\">14. <span class=\"_ _b\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs46f\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs470\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs471\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs472\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs473\">Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs474\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs475\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs476\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs477\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs478\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 ws1 gs479\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls14a ws14e gs47a\">2022</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs47b\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs47c\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ap and c<span class=\"_ _0\"></span>ollar<span class=\"_ _251\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _186\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _168\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _186\"> </span><span class=\"ls1 ws91\"> \u2013 </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls2c ws28 gs47d\">Interest<span class=\"_ _6\"></span> rate swaps<span class=\"_ _252\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _e3\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _3d\"> </span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs47e\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s) wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _253\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _1ac\"> </span><span class=\"ff3a ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _168\"> </span></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _1ac\"> </span><span class=\"ff3a ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs47f\">De<span class=\"_ _0\"></span>tails of t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te c<span class=\"_ _0\"></span>ap an<span class=\"_ _0\"></span>d collar a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>c (i). </div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs481\">15. <span class=\"_ _b\"> </span>I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n Su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs482\">Compan<span class=\"_ _0\"></span>y</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls1 wsbd gs483\"> Co<span class=\"_ _0\"></span>st </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs484\">\u00a3m</div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls2f ws16 gs485\"> Pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws15 gs486\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls18 ws1 gs487\">Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>k va<span class=\"_ _0\"></span>lue </div><div class=\"t m0 hc0 ff3a fs6 fc5 sc0 ls22 ws1f gs488\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs489\">At 2<span class=\"_ _1\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _80\"> </span><span class=\"ff3a ls59 ws56\">12<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>8<span class=\"_ _e8\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _104\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws5e gs48a\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.2)<span class=\"_ _9a\"> </span>(0.2)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs48b\">At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _255\"> </span><span class=\"ff3a ls59 ws56\">12<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _9a\"> </span><span class=\"ls159 ws147\">(11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls13 ws5e gs48c\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _9a\"> </span>(0.4)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs48d\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1b0\"> </span><span class=\"ls3b ws39\">12<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>8<span class=\"_ _16a\"> </span><span class=\"ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _c1\"> </span><span class=\"ls3d ws3b\">10<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs48e\">Principal sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akings<span class=\"_ _b5\"> </span><span class=\"ws113\">Holding<span class=\"_ _29\"> </span><span class=\"ls1a ws17\">Propor<span class=\"_ _0\"></span>tion held<span class=\"_ _1a3\"> </span><span class=\"ls18 ws1\">N<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs48f\">Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>in C<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1d0\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span><span class=\"ls16 ws12\">Managed houses<span class=\"_ _6\"></span> service company<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs490\">Geo<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e Gale an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _215\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs491\">25<span class=\"_ _0\"></span>p \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _9e\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0%<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls2c ws28 gs492\">\u00a31<span class=\"_ _2\"></span>0 preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _19a\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs493\">F<span class=\"_ _2\"></span>.S<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>T<span class=\"_ _6\"></span>. T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _257\"> </span>\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs494\">Fuller Smi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _26\"> </span><span class=\"ls4e ws3b\">\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs495\">Ring<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _a9\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs496\">Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fin I<span class=\"_ _0\"></span>nns LTD.<span class=\"_ _258\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs497\">Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _27\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading<span class=\"_ _0\"></span> sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs498\">4<span class=\"_ _0\"></span>5 Woo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>field L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _84\"> </span>\u00a31 or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>100<span class=\"_ _0\"></span>% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs499\">Gra<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>al T<span class=\"_ _6\"></span>radin<span class=\"_ _0\"></span>g Limi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _259\"> </span>\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>10<span class=\"_ _0\"></span>0% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs49a\">B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns I L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _155\"> </span><span class=\"ls4e ws3b\">\u00a31 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _35\"> </span><span class=\"ls33 ws31\">Holding<span class=\"_ _6\"></span> company<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs49b\">B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns II L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _25a\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span><span class=\"ls33 ws31\">Holdi<span class=\"_ _6\"></span>ng company<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs49c\">B &amp; D (Co<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ham) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _25b\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>10<span class=\"_ _0\"></span>0% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs49d\">B &amp; D (F<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>m) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _25\"> </span><span class=\"ls4e ws3b\">\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _21d\"> </span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs49e\">B &amp; D (Kin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>cler<span class=\"_ _0\"></span>e) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _25c\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>10<span class=\"_ _0\"></span>0% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs49f\">B &amp; D (Odiha<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _65\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _21d\"> </span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs4a0\">B &amp; D (Re<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1c1\"> </span>\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs4a1\">B &amp; D (<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>in) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _22a\"> </span><span class=\"ls4e ws3b\">\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 ls4e ws3b gs4a2\">RS<span class=\"_ _0\"></span>H 20<span class=\"_ _1\"></span>0 Limit<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _54\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span><span class=\"ls33 ws31\">Hold<span class=\"_ _6\"></span>ing<span class=\"_ _6\"></span> company<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs4a3\">Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _a8\"> </span><span class=\"ls4e ws3b\">\u00a31 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ding s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs4a4\">T<span class=\"_ _0\"></span>he ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e in En<span class=\"_ _0\"></span>gland a<span class=\"_ _0\"></span>nd Wale<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d of<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>e of all sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>nies is t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>s Fuller, Smith &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er </div><div class=\"t m0 hbb ff3a fs4 fc5 sc0 lsb ws1 gs4a5\">P<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.C. at P<span class=\"_ _0\"></span>ier Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e, 86<span class=\"_ _1\"></span>-9<span class=\"_ _0\"></span>3 St<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>Gr<span class=\"_ _0\"></span>een, L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>n, En<span class=\"_ _0\"></span>gland, W4 3<span class=\"_ _0\"></span>NN.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 ls154 ws15b gs4a7\">16. L<span class=\"_ _1\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs4a8\">T<span class=\"_ _0\"></span>his not<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s inf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p is a les<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>e. F<span class=\"_ _0\"></span>or le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup is a le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sor, see no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs4a9\">a)<span class=\"_ _6\"></span> Amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s Recognised in<span class=\"_ _6\"></span> the Balance<span class=\"_ _6\"></span> Sheet<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs4aa\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs4ab\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs4ac\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs4ad\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1c ws19 gs4ae\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs4af\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4b0\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs4b1\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs4b2\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs4b3\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1e ws113 gs4b4\">Comp<span class=\"_ _0\"></span>any<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs4b5\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4b6\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls31 ws2d gs4b7\">Right-of-use assets<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7b ws7b gs4b8\">Proper<span class=\"_ _1\"></span>ti<span class=\"_ _6\"></span>es<span class=\"_ _25d\"> </span><span class=\"ff4 ls1 ws91\"> 6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _2e\"> </span></span><span class=\"ls15a ws14c\">7<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.1<span class=\"_ _17b\"> </span><span class=\"ff4 lsea ws36\"> 65.8 <span class=\"_ _17b\"> </span></span></span>72.6<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls6a ws87 gs4b9\">Eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1fa\"> </span><span class=\"ff4 ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">0.6<span class=\"_ _3d\"> </span></span> 0.<span class=\"_ _1\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsca wsc2 gs4ba\">Vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _12d\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _186\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _26\"> </span></span>0<span class=\"_ _1\"></span>.1</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls80 ws83 gs4bb\"> 66.4 <span class=\"_ _17b\"> </span><span class=\"ff3b ls5c ws4a\">73.8<span class=\"_ _41\"> </span></span><span class=\"ls1 ws91\"> 6<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>0 <span class=\"_ _17b\"> </span><span class=\"ff3b ls5c ws4a\">7<span class=\"_ _0\"></span>3.3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs4bc\">L<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs4bd\">Curr<span class=\"_ _0\"></span>ent <span class=\"_ _166\"> </span><span class=\"ff4 ws91\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">6.8<span class=\"_ _1ac\"> </span></span><span class=\"ws1\">4<span class=\"_ _0\"></span>.7<span class=\"_ _1ac\"> </span></span></span><span class=\"ls8a ws7d\">6.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs4be\">Non<span class=\"_ _0\"></span>-cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt <span class=\"_ _1a9\"> </span><span class=\"ff4 lsc7 ws14b\"> 6<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>0 <span class=\"_ _16a\"> </span></span><span class=\"ls5c ws4a\">73.9<span class=\"_ _dd\"> </span><span class=\"ff4 ls37 ws35\">66.6<span class=\"_ _e8\"> </span></span><span class=\"lsd ws16\">72.8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls39 ws37 gs4bf\">7<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _9a\"> </span><span class=\"ff3b ls125 ws13a\">80<span class=\"_ _0\"></span>.7<span class=\"_ _e8\"> </span></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _e8\"> </span><span class=\"ff3b ls12 ws91\">79.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs4c0\">Se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t belo<span class=\"_ _0\"></span>w ar<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>f-us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e mov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs4c1\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs4c2\">Proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs4c3\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls15b ws151 gs4c4\">Equip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4c5\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lscc wsc gs4c6\">Vehic<span class=\"_ _0\"></span>les </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4c7\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls141 ws132 gs4c8\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4c9\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs4ca\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _19b\"> </span><span class=\"ff3b ls48 wse3\">8<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.2<span class=\"_ _1ac\"> </span>0.4<span class=\"_ _1a3\"> </span></span>8<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs4cb\">Lease amendments- rent concessions<span class=\"_ _61\"> </span><span class=\"ls94 ws44\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _1ab\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span></span>(2.6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs4cc\">Leas<span class=\"_ _0\"></span>e amendmen<span class=\"_ _0\"></span>ts</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs4cd\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls48 wse3 gs4ce\">1.<span class=\"_ _0\"></span>3<span class=\"_ _e3\"> </span><span class=\"ls15a ws14c\">1.1<span class=\"_ _1a3\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _1ac\"> </span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4cf\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _22b\"> </span><span class=\"ls12 ws91\">(6.9)<span class=\"_ _9a\"> </span>(0.<span class=\"_ _2\"></span>7)<span class=\"_ _170\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _170\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs4d0\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _112\"> </span><span class=\"ff3b ls15a ws14c\">7<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _208\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _9a\"> </span><span class=\"ls5c ws4a\">73.<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4d1\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als <span class=\"_ _25e\"> </span><span class=\"ls48 ws3a\"> (1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _dd\"> </span></span> (1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs4d2\">Leas<span class=\"_ _0\"></span>e amendmen<span class=\"_ _0\"></span>ts</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs4d3\">1</div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls48 ws3a gs4d4\"> 1.<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span><span class=\"ls15a ws2c\"> (<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _1\"></span> <span class=\"_ _26\"> </span></span></span><span class=\"wse3\">1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4d5\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _1c8\"> </span><span class=\"ls12 wsf\"> (6.7)<span class=\"_ _17b\"> </span><span class=\"ls94 wsad\"> (0.4<span class=\"_ _0\"></span>)<span class=\"_ _94\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _9a\"> </span><span class=\"ls156 ws148\"> (<span class=\"_ _1\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws5e gs4d6\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _25d\"> </span><span class=\"ls94 wsad\"> (0.5<span class=\"_ _0\"></span>)<span class=\"_ _94\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _2e\"> </span></span> (0.5)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs4d7\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _25f\"> </span><span class=\"ls1 ws91\"> 6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _1\"></span>2 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _91\"> </span><span class=\"ls80 ws83\"> 6<span class=\"_ _0\"></span>6.4 </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs4d8\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs4d9\">Proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs4da\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls15b ws151 gs4db\">Equip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4dc\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lscc wsc gs4dd\">Vehic<span class=\"_ _0\"></span>les </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4de\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls141 ws132 gs4df\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4e0\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs4e1\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _260\"> </span><span class=\"ff3b ls12 ws91\">80.8<span class=\"_ _1ac\"> </span>0.2<span class=\"_ _1ac\"> </span>0.4<span class=\"_ _1a3\"> </span><span class=\"ls48 wse3\">8<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs4e2\">Lease amendments- rent concessions<span class=\"_ _61\"> </span><span class=\"ls94 ws44\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _1ab\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span></span>(2.6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs4e3\">Leas<span class=\"_ _0\"></span>e amendmen<span class=\"_ _0\"></span>ts1<span class=\"_ _226\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>3<span class=\"_ _e3\"> </span><span class=\"ls15a ws14c\">1.1<span class=\"_ _a6\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _3d\"> </span></span></span></span><span class=\"lsd\">2.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4e4\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _22b\"> </span><span class=\"ls12 ws91\">(6.9)<span class=\"_ _9a\"> </span>(0.<span class=\"_ _2\"></span>7)<span class=\"_ _170\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _170\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs4e5\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _23b\"> </span><span class=\"ff3b ls7b ws7b\">72.6<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _208\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _9a\"> </span><span class=\"ls5c ws4a\">73.<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4e6\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als <span class=\"_ _25e\"> </span><span class=\"ls48 ws3a\"> (1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _dd\"> </span></span> (1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs4e7\">Leas<span class=\"_ _0\"></span>e amendmen<span class=\"_ _0\"></span>ts</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs4e8\">1</div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls48 ws3a gs4e9\"> 1.<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _e3\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span></span><span class=\"ls15a ws2c\"> (<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _1a3\"> </span></span> 1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4ea\">Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n <span class=\"_ _1c8\"> </span><span class=\"lsb ws1\"> (6.6)<span class=\"_ _16a\"> </span><span class=\"ls94 wsad\"> (0<span class=\"_ _0\"></span>.4)<span class=\"_ _94\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _dd\"> </span><span class=\"ls156 ws148\"> (<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws5e gs4eb\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _25d\"> </span><span class=\"ls94 wsad\"> (0.5<span class=\"_ _0\"></span>)<span class=\"_ _94\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _2e\"> </span></span> (0.5)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs4ec\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _25f\"> </span><span class=\"lsea ws36\"> 65.8 <span class=\"_ _dd\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _b7\"> </span> \u2013 <span class=\"_ _91\"> </span> 6<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>0 </span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsff ws15c gs4ed\">1 <span class=\"_ _7\"> </span>L<span class=\"_ _0\"></span>ease amendments include<span class=\"_ _6\"></span> lease terminations,<span class=\"_ _6\"></span> modifications, reassessments and extensions to existing<span class=\"_ _6\"></span> lease agreements.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs4ef\">Se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t belo<span class=\"_ _0\"></span>w ar<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities (in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>der in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings) an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1c ws19 gs4f0\">Group</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs4f1\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs4f2\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs4f3\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs4f4\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _261\"> </span><span class=\"ff3b ls12 ws91\">89.9<span class=\"_ _e8\"> </span><span class=\"ls86 wsd0\">88.3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs4f5\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _24b\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1)<span class=\"_ _3d\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs4f6\">Lease amendments- rent concessions<span class=\"_ _262\"> </span><span class=\"ls94 ws44\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _e8\"> </span>(2<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs4f7\">Leas<span class=\"_ _0\"></span>e amendmen<span class=\"_ _0\"></span>ts</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs4f8\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws16 gs4f9\">2.2<span class=\"_ _1ac\"> </span>2.2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs4fa\">Accretio<span class=\"_ _6\"></span>n of<span class=\"_ _6\"></span> in<span class=\"_ _6\"></span>terest <span class=\"_ _263\"> </span><span class=\"ls15a ws14c\">3<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws16 gs4fb\">Payment<span class=\"_ _0\"></span>s <span class=\"_ _264\"> </span><span class=\"ls4d ws49\">(8.8)<span class=\"_ _9a\"> </span>(8.5)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs4fc\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _166\"> </span><span class=\"ff3b ls125 ws13a\">8<span class=\"_ _1\"></span>0.7<span class=\"_ _e8\"> </span><span class=\"ls12 ws91\">7<span class=\"_ _0\"></span>9.3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws5e gs4fd\">Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _265\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _9a\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs4fe\">Leas<span class=\"_ _0\"></span>e amendmen<span class=\"_ _0\"></span>ts</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs4ff\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls48 wse3 gs500\">1.<span class=\"_ _1\"></span>2<span class=\"_ _208\"> </span>1.<span class=\"_ _1\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs501\">Accretio<span class=\"_ _6\"></span>n of<span class=\"_ _6\"></span> in<span class=\"_ _6\"></span>terest <span class=\"_ _1e9\"> </span><span class=\"ls12 ws91\">2.9<span class=\"_ _1ac\"> </span>2.9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws16 gs502\">Payment<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs503\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 ws91 gs504\">(9.9)<span class=\"_ _e8\"> </span><span class=\"ls3b ws39\">(9.8)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs505\">Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _261\"> </span><span class=\"ls39 ws37\">71.<span class=\"_ _0\"></span>8<span class=\"_ _e8\"> </span>7<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsff ws15c gs506\">1  <span class=\"_ _5\"> </span>Lease amendments incl<span class=\"_ _6\"></span>ude lease terminations<span class=\"_ _6\"></span>, modifications,<span class=\"_ _6\"></span> reasses<span class=\"_ _0\"></span>sments and extensions to exi<span class=\"_ _6\"></span>sting lease agreements. </div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs507\">2 <span class=\"_ _8\"> </span>\u00a31.5 million o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in ad<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs508\">A mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y analy<span class=\"_ _0\"></span>sis of gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s is inclu<span class=\"_ _0\"></span>ded w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs509\">b)<span class=\"_ _6\"></span> Amoun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s Recognised i<span class=\"_ _6\"></span>n the Income Stat<span class=\"_ _0\"></span>ement <span class=\"_ _0\"></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs50a\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs50b\">5<span class=\"_ _0\"></span>3 weeks</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs50c\"> ended</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs50d\"> 0<span class=\"_ _0\"></span>1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs50e\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs50f\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs510\">52 weeks</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2e ws2a gs511\"> ended</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs512\"> 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs513\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs514\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs515\">Depreciation charge on<span class=\"_ _6\"></span> right-o<span class=\"_ _0\"></span>f-use as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7b ws7b gs516\">Proper<span class=\"_ _1\"></span>ti<span class=\"_ _6\"></span>es<span class=\"_ _266\"> </span><span class=\"ff4 ls1 ws91\"> 6.7<span class=\"_ _5f\"> </span><span class=\"ff3b ls12\">6.9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls6a ws87 gs517\">Eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _267\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsca wsc2 gs518\">Vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"_ _268\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsc7 ws14b gs519\"> 7.1<span class=\"_ _0\"></span> <span class=\"_ _be\"> </span><span class=\"ff3b ls156 ws144\">7.<span class=\"_ _1\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs51a\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e (inclu<span class=\"_ _0\"></span>ded in f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>) <span class=\"_ _269\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">3<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs51b\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to sh<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t-term le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd lo<span class=\"_ _0\"></span>w value as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (inclu<span class=\"_ _0\"></span>ded in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s) <span class=\"_ _195\"> </span><span class=\"ff4 ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">0.4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs51c\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to v<span class=\"_ _0\"></span>aria<span class=\"_ _0\"></span>ble lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s n<span class=\"_ _0\"></span>ot in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s (includ<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s)<span class=\"_ _26a\"> </span><span class=\"ff4 lse4 ws131\"> 3.5 <span class=\"_ _168\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs51d\">Impai<span class=\"_ _6\"></span>rment<span class=\"_ _6\"></span> of ri<span class=\"_ _6\"></span>ght<span class=\"_ _6\"></span>-of-use<span class=\"_ _6\"></span> assets<span class=\"_ _203\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _186\"> </span><span class=\"ff3b ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs51e\">Income f<span class=\"_ _0\"></span>rom sub leasing right-of-use asse<span class=\"_ _0\"></span>ts <span class=\"_ _26b\"> </span><span class=\"ff4 ls1 ws1\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2) <span class=\"_ _16a\"> </span></span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs51f\"> 6.<span class=\"_ _0\"></span>9 <span class=\"_ _168\"> </span><span class=\"ff3b ls125 ws13a\">4<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs520\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s tot<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>low in r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o leas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>as \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.9 million (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>6 milli<span class=\"_ _6\"></span>on).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 ls86 ws1d gs521\">V<span class=\"_ _6\"></span>ariable lease pa<span class=\"_ _6\"></span>yments<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs522\">So<span class=\"_ _0\"></span>me pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain v<span class=\"_ _0\"></span>ariab<span class=\"_ _0\"></span>le pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ms t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are linke<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a pu<span class=\"_ _0\"></span>b. Varia<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ms ar<span class=\"_ _0\"></span>e us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or a va<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f re<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>ns, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs523\">includin<span class=\"_ _0\"></span>g minimising t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r new<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablishe<span class=\"_ _0\"></span>d pu<span class=\"_ _0\"></span>bs. Var<span class=\"_ _0\"></span>iable l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d on s<span class=\"_ _0\"></span>ales ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs524\">in whic<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>rig<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>s. Varia<span class=\"_ _0\"></span>ble le<span class=\"_ _0\"></span>ase p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 wer<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs525\">\u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span> millio<span class=\"_ _0\"></span>n (<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>22<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>1.4 m<span class=\"_ _0\"></span>illio<span class=\"_ _0\"></span>n).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws15d gs526\">17<span class=\"_ _c\"></span>. Inve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs527\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs528\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs529\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs52a\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs52b\">Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs52c\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs52d\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs52e\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs52f\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs530\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1e ws113 gs531\">Comp<span class=\"_ _0\"></span>any<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs532\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs533\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs534\">St<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k at t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ding ou<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _79\"> </span><span class=\"ff4 ls1 ws91\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _e7\"> </span></span><span class=\"ls5c ws4a\">3.6<span class=\"_ _170\"> </span><span class=\"ff4 ls1 ws91\"> 4<span class=\"_ _1\"></span>.2 <span class=\"_ _168\"> </span></span>3.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs535\">Am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s recognised in<span class=\"_ _6\"></span> prof<span class=\"_ _0\"></span>it or loss<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs536\">Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ies r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>ded 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>6 mill<span class=\"_ _6\"></span>ion (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>3.2 million). Th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e we<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs537\">co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>y is st<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d net o<span class=\"_ _0\"></span>f a pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision f<span class=\"_ _0\"></span>or ob<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k of \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.2 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.2 million).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs539\">18. <span class=\"_ _b\"> </span>T<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs53a\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs53b\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs53c\"> \u00a3m</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 wsbd gs53d\"> 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs53e\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs53f\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _26c\"> </span><span class=\"ff4 ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs540\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _26c\"> </span><span class=\"ff4 ls39 ws6e\"> 1.4 <span class=\"_ _168\"> </span></span><span class=\"ls33 ws30\">4.8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs541\">Prepay<span class=\"_ _0\"></span>ments and accrued income<span class=\"_ _177\"> </span><span class=\"ff4 lsc7 ws14b\"> 7.<span class=\"_ _1\"></span>2<span class=\"_ _5f\"> </span></span><span class=\"lsa0 ws7a\">4.3</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls3d ws4a gs542\"> 10.<span class=\"_ _1\"></span>2<span class=\"_ _9a\"> </span><span class=\"ff3b ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs543\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs544\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs545\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs546\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs547\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs548\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _26c\"> </span><span class=\"ff4 ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs549\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _26c\"> </span><span class=\"ff4 ls39 ws6e\"> 1.4 <span class=\"_ _168\"> </span></span><span class=\"ls33 ws30\">4.8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs54a\">Prepay<span class=\"_ _0\"></span>ments and accrued income<span class=\"_ _250\"> </span><span class=\"ff4 lsc7 wsc0\">7.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _e7\"> </span></span><span class=\"lsa0 ws7a\">4.3</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls3d ws4a gs54b\"> 10.<span class=\"_ _1\"></span>2<span class=\"_ _9a\"> </span><span class=\"ff3b ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs54c\">At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in ot<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.3 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.6 million) in relatio<span class=\"_ _0\"></span>n to le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able fo<span class=\"_ _0\"></span>r subl<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs54d\">T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove is s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>wn n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>e again<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n an ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs54e\">cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el, calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>abilit<span class=\"_ _1\"></span>y of def<span class=\"_ _0\"></span>ault f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emainin<span class=\"_ _0\"></span>g life of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs54f\">In me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a c<span class=\"_ _0\"></span>ollec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>asis as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ss s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs550\">T<span class=\"_ _0\"></span>hey h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>ys p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e and als<span class=\"_ _0\"></span>o ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>g to t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphic<span class=\"_ _0\"></span>al lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich is t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame f<span class=\"_ _0\"></span>or all.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs551\">T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed lo<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>file fo<span class=\"_ _0\"></span>r sale<span class=\"_ _0\"></span>s ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t 24 mon<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et da<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he his<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs552\">re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g mac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s abilit<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g. A fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et is w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>ten of<span class=\"_ _1\"></span>f </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs553\">wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is no r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs554\">T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he lo<span class=\"_ _0\"></span>ss allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar ar<span class=\"_ _0\"></span>e summ<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d belo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs555\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs556\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs557\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs558\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs559\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls33 ws31 gs55a\">Opening<span class=\"_ _6\"></span> bal<span class=\"_ _6\"></span>ance<span class=\"_ _13e\"> </span><span class=\"ff4 ls1 ws91\"> 0.9 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs55b\">(De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e) in los<span class=\"_ _0\"></span>s allowa<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t and lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> <span class=\"_ _26d\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _b1\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs55c\">A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or b<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>rit<span class=\"_ _1\"></span>ten o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _98\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _0\"></span> <span class=\"_ _94\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs55d\">Closing ba<span class=\"_ _6\"></span>lance<span class=\"_ _26e\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _0\"></span>8 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">0.9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs55e\">T<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e gro<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ual a<span class=\"_ _0\"></span>geing o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs55f\">balan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs560\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs561\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs562\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs563\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs564\">Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs565\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs566\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs567\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs568\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs569\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs56a\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs56b\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs56c\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs56d\">Curr<span class=\"_ _0\"></span>ent<span class=\"_ _225\"> </span><span class=\"ff4 ls85 ws3f\"> 1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _a6\"> </span></span><span class=\"ls15a ws14c\">1.1<span class=\"_ _a6\"> </span><span class=\"ff4 ls85 ws3f\"> 1.1<span class=\"_ _0\"></span> <span class=\"_ _a6\"> </span></span>1<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs56e\">O<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e up to 3<span class=\"_ _0\"></span>0 d<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s<span class=\"_ _26f\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span></span><span class=\"ls8a ws7d\">0.5<span class=\"_ _3d\"> </span><span class=\"ff4 ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span></span>0.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs56f\">O<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n 30 a<span class=\"_ _0\"></span>nd 6<span class=\"_ _0\"></span>0 da<span class=\"_ _0\"></span>ys<span class=\"_ _270\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _be\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs570\">O<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n 6<span class=\"_ _0\"></span>0 and 9<span class=\"_ _0\"></span>0 d<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s<span class=\"_ _271\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _186\"> </span><span class=\"ff4 ws91\"> \u2013 <span class=\"_ _18a\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs571\">O<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e mor<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>han 9<span class=\"_ _0\"></span>0 d<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s<span class=\"_ _22e\"> </span><span class=\"ff4 ls1 ws91\"> 0.7 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.8<span class=\"_ _e7\"> </span></span> 0<span class=\"_ _0\"></span>.7 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs572\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ade receivables before loss al<span class=\"_ _6\"></span>lowance<span class=\"_ _272\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _e7\"> </span><span class=\"ff3b ls8a ws7d\">2.5<span class=\"_ _3d\"> </span></span><span class=\"ls80 ws83\"> 2<span class=\"_ _0\"></span>.4<span class=\"_ _1ac\"> </span><span class=\"ff3b ls8a ws7d\">2.5<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs573\">Le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _1b5\"> </span><span class=\"ff4 ls1 ws1\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8) <span class=\"_ _16a\"> </span></span><span class=\"ls12 ws91\">(0.9)<span class=\"_ _33\"> </span><span class=\"ff4 ls1 ws1\">(0.<span class=\"_ _0\"></span>8) <span class=\"_ _16a\"> </span></span>(0.9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs574\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ade receivables net of l<span class=\"_ _6\"></span>oss allowance<span class=\"_ _6\"></span> <span class=\"_ _42\"> </span><span class=\"ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _26\"> </span></span> 1.6<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs576\">19<span class=\"_ _6\"></span>. <span class=\"_ _b\"> </span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r Sa<span class=\"_ _0\"></span>le<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs577\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs578\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs579\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs57a\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs57b\">A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _169\"> </span><span class=\"ls1 ws91\"> 5.<span class=\"_ _0\"></span>4 <span class=\"_ _e8\"> </span><span class=\"ff3b ls33 ws31\"> 5.4 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs57c\">As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>f durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _1a4\"> </span><span class=\"ff4 ls1\">(3<span class=\"_ _0\"></span>.7) <span class=\"_ _16a\"> </span></span><span class=\"ls125 ws13a\">(<span class=\"_ _0\"></span>3.7<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs57d\">As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _26d\"> </span><span class=\"ff4 ls1 ws91\"> 5.7 <span class=\"_ _9a\"> </span></span><span class=\"ls125 ws3d\"> 5<span class=\"_ _0\"></span>.7 </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws39 gs57e\">Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (no<span class=\"_ _0\"></span>te 13)<span class=\"_ _142\"> </span><span class=\"ff4 ls1 ws1\">(0.<span class=\"_ _0\"></span>4) <span class=\"_ _16a\"> </span></span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs57f\">A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale a<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _269\"> </span><span class=\"lsc7 ws14b\"> 7.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _93\"> </span><span class=\"ff3b ls156 ws148\"> 7.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs580\">At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, s<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied as h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (<span class=\"_ _0\"></span>20<span class=\"_ _1\"></span>22: 19 pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies). T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>minan<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y fr<span class=\"_ _0\"></span>om p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs581\">plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>ties id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ally th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh s<span class=\"_ _0\"></span>ale tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs582\">con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>uing us<span class=\"_ _0\"></span>e. Sale is e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin 12 mon<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ting da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4 million was re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _1\"></span>ying t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs583\">to hel<span class=\"_ _0\"></span>d for s<span class=\"_ _0\"></span>ale (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>nil). Valuat<span class=\"_ _0\"></span>ions p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n ob<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>va<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns inv<span class=\"_ _0\"></span>olv<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>f a similar nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e, loc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs584\">Sinc<span class=\"_ _0\"></span>e this v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as a L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3. </div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs585\">20<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>Tra<span class=\"_ _0\"></span>de a<span class=\"_ _0\"></span>nd O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er Payab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs586\">Due within one<span class=\"_ _6\"></span> year:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs587\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs588\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs589\"> \u00a3m</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 wsbd gs58a\"> 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs58b\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls5c wsd0 gs58c\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ade payables<span class=\"_ _273\"> </span><span class=\"ff4 lsc5 wsaf\"> 1<span class=\"_ _6\"></span>9.0 <span class=\"_ _17b\"> </span><span class=\"ff3b ls14 ws10\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs58d\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x and s<span class=\"_ _0\"></span>ocial s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _274\"> </span><span class=\"ff4 ls1 ws91\"> 4<span class=\"_ _0\"></span>.7 <span class=\"_ _e7\"> </span></span><span class=\"lsa0 ws7a\">4.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs58e\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _275\"> </span><span class=\"ff4 lsc7 ws14b\"> 7.<span class=\"_ _1\"></span>6 <span class=\"_ _be\"> </span></span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws5e gs58f\">Ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>als<span class=\"_ _276\"> </span><span class=\"ff4 ls4e ws3b\"> 19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _16a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs590\">C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1f2\"> </span><span class=\"ff4 ls1 ws91\"> 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"ls5c ws4a\">3.0</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs591\"> 5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _dd\"> </span><span class=\"ff3b ls156 ws144\">5<span class=\"_ _1\"></span>7.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs592\">Due within one<span class=\"_ _6\"></span> year:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs593\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs594\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs595\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs596\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs597\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls5c wsd0 gs598\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ade payables<span class=\"_ _273\"> </span><span class=\"ff4 lsc5 wsaf\"> 1<span class=\"_ _6\"></span>9.0 <span class=\"_ _17b\"> </span><span class=\"ff3b ls14 ws10\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs599\">A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s due t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ings<span class=\"_ _19d\"> </span><span class=\"ff4 ls85 ws3f\"> 1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _175\"> </span></span><span class=\"ls157 ws14b\">13<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs59a\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x and s<span class=\"_ _0\"></span>ocial s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _274\"> </span><span class=\"ff4 ls1 ws91\"> 4<span class=\"_ _0\"></span>.7 <span class=\"_ _e7\"> </span></span><span class=\"lsa0 ws7a\">4.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs59b\">O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _275\"> </span><span class=\"ff4 lsc7 ws14b\"> 7.<span class=\"_ _1\"></span>6 <span class=\"_ _be\"> </span></span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws5e gs59c\">Ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>als<span class=\"_ _276\"> </span><span class=\"ff4 ls4e ws3b\"> 19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _16a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs59d\">C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1f2\"> </span><span class=\"ff4 ls1 ws91\"> 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"ls5c ws4a\">3.0</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs59e\"> 197.7 <span class=\"_ _40\"> </span><span class=\"ff3b lse7 wse2\">19<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs59f\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s due t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ings o<span class=\"_ _0\"></span>f \u00a314<span class=\"_ _0\"></span>3.<span class=\"_ _6\"></span>1 mil<span class=\"_ _6\"></span>lion (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>136.7 mill<span class=\"_ _6\"></span>ion) hav<span class=\"_ _0\"></span>e no f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st is p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e at </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5a0\">3% ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>ank of E<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>and b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s due t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ings a<span class=\"_ _0\"></span>re un<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5a1\">Co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabilities r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o dep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m cus<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s for e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>ill unwin<span class=\"_ _0\"></span>d and b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5a2\">re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g fin<span class=\"_ _0\"></span>ancial y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 ls16 ws12 gs5a3\">2<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>. <span class=\"_ _b\"> </span>Cas<span class=\"_ _0\"></span>h, Borro<span class=\"_ _6\"></span>wings and Net<span class=\"_ _6\"></span> Debt<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs5a4\">Cash and Short-T<span class=\"_ _2\"></span>erm Deposits<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs5a5\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs5a6\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs5a7\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5a8\">Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5a9\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5aa\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs5ab\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs5ac\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs5ad\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5ae\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs5af\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs5b0\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5b1\">Ca<span class=\"_ _0\"></span>sh at b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k and in h<span class=\"_ _0\"></span>and<span class=\"_ _251\"> </span><span class=\"ff4 ls85 ws3f\"> 1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span><span class=\"ls3c ws3a\">15<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _33\"> </span><span class=\"ff4 ls85 ws3f\"> 1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span>15<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5b2\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>ash F<span class=\"_ _0\"></span>low S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>ash a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h at b<span class=\"_ _0\"></span>ank a<span class=\"_ _0\"></span>nd in ha<span class=\"_ _0\"></span>nd, as ab<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ve. C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h at b<span class=\"_ _0\"></span>ank e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ns </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs5b3\">interest a<span class=\"_ _6\"></span>t fl<span class=\"_ _6\"></span>oating<span class=\"_ _6\"></span> rates. </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs5b5\">Bor<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs5b6\">Group </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs5b7\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs5b8\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5b9\">Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs5ba\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs5bb\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs5bc\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs5bd\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs5be\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5bf\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5c0\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5c1\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs5c2\">Bank loans<span class=\"_ _1b6\"> </span><span class=\"ff4 ls14e ws5b\"> 11<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _104\"> </span></span><span class=\"ls12 ws91\">120.0<span class=\"_ _40\"> </span><span class=\"ff4 ls14e ws5b\"> 119<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _104\"> </span></span>120.0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls31 ws2d gs5c3\">Debentu<span class=\"_ _6\"></span>re stoc<span class=\"_ _6\"></span>k<span class=\"_ _252\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _17b\"> </span><span class=\"ff3b ls12\">2<span class=\"_ _0\"></span>5.9<span class=\"_ _21d\"> </span></span> 2<span class=\"_ _1\"></span>5.<span class=\"_ _0\"></span>9 <span class=\"_ _17b\"> </span><span class=\"ff3b ls12\">2<span class=\"_ _0\"></span>5.9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs5c4\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _277\"> </span><span class=\"ff4 ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _26\"> </span><span class=\"ff4 ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs5c5\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal borrowings<span class=\"_ _98\"> </span><span class=\"ls13 ws39\"> 14<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _91\"> </span><span class=\"ff3b ls156 ws144\">1<span class=\"_ _0\"></span>4<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _40\"> </span></span> 14<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _91\"> </span><span class=\"ff3b ls156 ws144\">1<span class=\"_ _0\"></span>4<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs5c6\">Analysed as<span class=\"_ _6\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs5c7\">Borrowing<span class=\"_ _6\"></span>s with<span class=\"_ _6\"></span>in<span class=\"_ _6\"></span> cu<span class=\"_ _6\"></span>rrent l<span class=\"_ _2\"></span>iabi<span class=\"_ _2\"></span>liti<span class=\"_ _6\"></span>es<span class=\"_ _23f\"> </span><span class=\"ff4 ls1 ws91\"> 6<span class=\"_ _0\"></span>.0 <span class=\"_ _3c\"> </span><span class=\"ff3b ls12\">1<span class=\"_ _6\"></span>20.0<span class=\"_ _3d\"> </span><span class=\"ff4 ls1\"> 6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _104\"> </span></span>1<span class=\"_ _6\"></span>20.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs5c8\">Borrowing<span class=\"_ _6\"></span>s with<span class=\"_ _6\"></span>in<span class=\"_ _6\"></span> non-cu<span class=\"_ _6\"></span>rrent l<span class=\"_ _2\"></span>iabi<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>iti<span class=\"_ _6\"></span>es<span class=\"_ _278\"> </span><span class=\"ff4 ls13 ws39\"> 14<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 <span class=\"_ _33\"> </span></span><span class=\"ls156 ws144\">2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _40\"> </span><span class=\"ff4 ls13 ws39\"> 14<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _2e\"> </span></span>2<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls13 ws39 gs5c9\"> 14<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _0\"></span> <span class=\"_ _91\"> </span><span class=\"ff3b ls156 ws144\">1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _104\"> </span></span> 14<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>.9<span class=\"_ _0\"></span> <span class=\"_ _91\"> </span><span class=\"ff3b ls156 ws144\">1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5ca\">All bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs at b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>nds a<span class=\"_ _0\"></span>re d<span class=\"_ _0\"></span>eno<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in St<span class=\"_ _0\"></span>erling a<span class=\"_ _0\"></span>nd, w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, are s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f iss<span class=\"_ _0\"></span>ue co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her in<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>n bor<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s is give<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5cb\">in not<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>5.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls1 wsf gs5cc\">Bank Lo<span class=\"_ _0\"></span>ans<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs5cd\">Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5ce\">On 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ed a ne<span class=\"_ _0\"></span>w f<span class=\"_ _0\"></span>acilit<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 million, split be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edit f<span class=\"_ _0\"></span>acilit<span class=\"_ _1\"></span>y of \u00a31<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0 mil<span class=\"_ _6\"></span>lion and a t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m lo<span class=\"_ _0\"></span>an of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0 million, for a<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5cf\">ten<span class=\"_ _0\"></span>ure o<span class=\"_ _0\"></span>f fo<span class=\"_ _0\"></span>ur ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s to M<span class=\"_ _0\"></span>ay 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e new f<span class=\"_ _0\"></span>acilit<span class=\"_ _0\"></span>ies b<span class=\"_ _0\"></span>ear a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>gin de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on l<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>nt plu<span class=\"_ _0\"></span>s SON<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. Und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>w agr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5d0\">was a minimu<span class=\"_ _0\"></span>m liquidit<span class=\"_ _1\"></span>y requir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f \u00a310 mill<span class=\"_ _6\"></span>ion unt<span class=\"_ _0\"></span>il Nov<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Fr<span class=\"_ _0\"></span>om D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ere is a c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ant s<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of ne<span class=\"_ _0\"></span>t deb<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o EB<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5d1\">(leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge) and E<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A to n<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d qua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>y. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5d2\">At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9.5 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>71.2 mill<span class=\"_ _6\"></span>ion) of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>91<span class=\"_ _6\"></span>.7 mil<span class=\"_ _6\"></span>lion) commi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y wa<span class=\"_ _0\"></span>s av<span class=\"_ _0\"></span>ailable and u<span class=\"_ _0\"></span>ndr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5d3\">T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ank lo<span class=\"_ _0\"></span>ans ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"ls1\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs5d4\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs5d5\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5d6\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5d7\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5d8\">On de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d or w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _279\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _44\"> </span></span><span class=\"ls59 ws56\">12<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5d9\">Le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>: ba<span class=\"_ _0\"></span>nk loa<span class=\"_ _0\"></span>n ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fe<span class=\"_ _0\"></span>es<span class=\"_ _24e\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _26\"> </span></span><span class=\"ls94 ws44\">(0.6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs5da\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _26c\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _44\"> </span><span class=\"ff3b ls12 ws91\">120.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5db\">In th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hird t<span class=\"_ _0\"></span>o fif<span class=\"_ _1\"></span>th y<span class=\"_ _0\"></span>ear in<span class=\"_ _0\"></span>clusiv<span class=\"_ _0\"></span>e<span class=\"_ _27a\"> </span><span class=\"ff4 ls3b wsb0\"> 12<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _e3\"> </span></span><span class=\"ls1 ws91\"> \u2013 </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5dc\">Le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>: ba<span class=\"_ _0\"></span>nk loa<span class=\"_ _0\"></span>n ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fe<span class=\"_ _0\"></span>es<span class=\"_ _7e\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.1)<span class=\"_ _0\"></span> <span class=\"_ _a6\"> </span></span><span class=\"ls1 ws91\"> \u2013 </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs5dd\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _279\"> </span><span class=\"ls14e ws5b\"> 11<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _e3\"> </span><span class=\"ff3b ls1 ws91\"> \u2013 </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls91 ws7a gs5de\">Debent<span class=\"_ _0\"></span>ure S<span class=\"_ _0\"></span>tock<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5df\">T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>ben<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ks ar<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d flo<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d are r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>mable o<span class=\"_ _0\"></span>n ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5e0\">Deb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs5e1\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs5e2\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5e3\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5e4\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5e5\">On de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d or w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar \u2013 10.70% 1<span class=\"_ _6\"></span>st M<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ge De<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k 20<span class=\"_ _1\"></span>23<span class=\"_ _27b\"> </span><span class=\"ff4 ls1\">6.<span class=\"_ _0\"></span>0 <span class=\"_ _e6\"> </span><span class=\"ff3b\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs5e6\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _24f\"> </span><span class=\"ls1 ws1\">6.<span class=\"_ _0\"></span>0 <span class=\"_ _e6\"> </span><span class=\"ff3b\">\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5e7\">In th<span class=\"_ _0\"></span>e fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t to s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d ye<span class=\"_ _0\"></span>ar inc<span class=\"_ _0\"></span>lusiv<span class=\"_ _0\"></span>e \u2013 10.70% 1<span class=\"_ _6\"></span>st M<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ge De<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _18d\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">6.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5e8\">In gr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>an fi<span class=\"_ _0\"></span>ve y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ars \u2013 6<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5% Deb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8 (1<span class=\"_ _6\"></span>st flo<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge)<span class=\"_ _111\"> </span><span class=\"ff4 lsc5 wsaf\"> 2<span class=\"_ _0\"></span>0.0 <span class=\"_ _17b\"> </span></span><span class=\"ls12 ws91\">20.0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs5e9\">Le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s: disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>n iss<span class=\"_ _0\"></span>ue<span class=\"_ _27c\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1) <span class=\"_ _dd\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs5ea\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _21b\"> </span><span class=\"ls4e ws3b\"> 19.<span class=\"_ _1\"></span>9 <span class=\"_ _17b\"> </span><span class=\"ff3b ls12 ws91\">25.9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs5eb\">Pre<span class=\"_ _0\"></span>ference Shares<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5ec\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s pre<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s are cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>able an<span class=\"_ _0\"></span>d are in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liabilities<span class=\"_ _0\"></span>. Se<span class=\"_ _0\"></span>e not<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs5ed\">23 f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs5ef\">A<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>sis o<span class=\"_ _0\"></span>f N<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t Deb<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls8a ws7d gs5f0\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs5f1\">5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs5f2\">At </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs5f3\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 wsbd gs5f4\"> 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5f5\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs5f6\">C<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5f7\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 ws1b gs5f8\">Non-c<span class=\"_ _0\"></span>ash</div><div class=\"t m0 hd0 ff3b fs51 fc5 sc0 ls1 ws1 gs5f9\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs5fa\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs5fb\">At </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs5fc\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs5fd\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs5fe\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs5ff\">Cash and cash<span class=\"_ _6\"></span> equivalents:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs600\">Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m dep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts<span class=\"_ _27d\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _16a\"> </span><span class=\"ff4 ls85 ws9b\">14<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls3c ws3a gs601\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _8f\"> </span><span class=\"ff4 ls85 ws3f\"> 1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>.1 </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs602\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>: </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs603\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _1b9\"> </span><span class=\"ls12 ws91\">(80.7)<span class=\"_ _16a\"> </span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>9<span class=\"_ _a6\"> </span><span class=\"ls94 ws44\">(3.0)<span class=\"_ _c9\"> </span><span class=\"ff4 ls39 ws37\">(7<span class=\"_ _1\"></span>1.8<span class=\"_ _0\"></span>) </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 ws91 gs604\">(80.7)<span class=\"_ _8f\"> </span><span class=\"ls159 ws149\"> 11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _be\"> </span><span class=\"ls94 ws44\">(3.<span class=\"_ _0\"></span>0) <span class=\"_ _108\"> </span><span class=\"ff4 ls39 ws37\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>) </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs605\">Debt<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs606\">Bank loans<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs607\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 ws91 gs608\">(1<span class=\"_ _2\"></span>20.0)<span class=\"_ _e7\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span></span>(0.9)<span class=\"_ _113\"> </span><span class=\"ff4 ls4e ws6e\">(119<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls31 ws2d gs609\">Debentu<span class=\"_ _6\"></span>re stoc<span class=\"_ _6\"></span>k<span class=\"_ _227\"> </span><span class=\"ls3d ws3b\">(25<span class=\"_ _0\"></span>.9)<span class=\"_ _94\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _3c\"> </span><span class=\"ff4 ls5c ws4a\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs60a\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _1a0\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _dd\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>6)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs60b\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal borrowings<span class=\"_ _27e\"> </span><span class=\"ff3b ls156 ws144\">(<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _26\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span><span class=\"ls12 ws91\">(0.9)<span class=\"_ _34\"> </span></span></span></span><span class=\"ls13 ws5e\">(14<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs60c\">Ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t<span class=\"_ _25d\"> </span><span class=\"ff3b ls59 ws56\">(<span class=\"_ _1\"></span>212<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2e\"> </span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>9<span class=\"_ _be\"> </span><span class=\"ls3d ws3b\">(3.9)<span class=\"_ _211\"> </span></span></span></span><span class=\"ls12 ws91\">(2<span class=\"_ _1\"></span>04<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs60d\">5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs60e\">At </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs60f\">2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs610\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs611\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs612\">C<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs613\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 ws1b gs614\">Non-c<span class=\"_ _0\"></span>ash</div><div class=\"t m0 hd0 ff3b fs51 fc5 sc0 ls1 ws1 gs615\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs616\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs617\">At </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs618\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs619\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs61a\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs61b\">Cash and cash<span class=\"_ _6\"></span> equivalents:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs61c\">Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m dep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts<span class=\"_ _63\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _1ac\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls156 ws144 gs61d\">1<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _1ac\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs61e\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs61f\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _27f\"> </span><span class=\"ls12 ws91\">(89.9)<span class=\"_ _17b\"> </span><span class=\"ls158 ws14f\">10.<span class=\"_ _1\"></span>5<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _8f\"> </span></span></span>(80.7)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 ws91 gs620\">(89.9)<span class=\"_ _17b\"> </span><span class=\"ls158 ws14f\">10.<span class=\"_ _1\"></span>5<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _8f\"> </span></span></span>(80.7)<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs621\">Debt<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs622\">Bank loans<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs623\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls156 ws144 gs624\">(<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _17b\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _1\"></span>11.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _93\"> </span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _7a\"> </span>(1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>0.0)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls19 ws1d gs625\">CCFF<span class=\"_ _280\"> </span><span class=\"ls3b ws39\">(9<span class=\"_ _0\"></span>9.8)<span class=\"_ _40\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>0.0<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.2)<span class=\"_ _1ab\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls31 ws2d gs626\">Debentu<span class=\"_ _6\"></span>re stoc<span class=\"_ _6\"></span>k<span class=\"_ _227\"> </span><span class=\"ls3d ws3b\">(25<span class=\"_ _0\"></span>.9)<span class=\"_ _3e\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _88\"> </span>\u2013<span class=\"_ _16a\"> </span></span>(<span class=\"_ _0\"></span>25.<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs627\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _1a0\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs628\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal borrowings<span class=\"_ _281\"> </span><span class=\"ff3b ls4d ws49\">(2<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>.2)<span class=\"_ _21d\"> </span><span class=\"ls7b ws7b\">8<span class=\"_ _0\"></span>8.6<span class=\"_ _26\"> </span><span class=\"ls12 ws91\">(0.9)<span class=\"_ _c1\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs629\">Ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t<span class=\"_ _19c\"> </span><span class=\"ff3b ls94 ws44\">(3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>0)<span class=\"_ _17b\"> </span><span class=\"ls156 ws144\">9<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>6<span class=\"_ _a6\"> </span><span class=\"ls4d ws49\">(2<span class=\"_ _0\"></span>.2)<span class=\"_ _108\"> </span><span class=\"ls59 ws56\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsfe ws1 gs62a\">1 <span class=\"_ _7\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fe<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. </div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs62b\">2 <span class=\"_ _8\"> </span>B<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span> </div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls3d ws3b gs62d\">Co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs62e\">5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs62f\">At </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs630\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs631\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs632\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs633\">C<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs634\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 ws1b gs635\">Non-c<span class=\"_ _0\"></span>ash</div><div class=\"t m0 hd0 ff3b fs51 fc5 sc0 ls1 ws1 gs636\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs637\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs638\">At </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs639\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs63a\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs63b\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs63c\">Cash and cash<span class=\"_ _6\"></span> equivalents:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs63d\">Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m dep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts<span class=\"_ _27d\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ff4 ls85 ws9b\">14<span class=\"_ _1\"></span>.1 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls3c ws3a gs63e\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ff4 ls85 ws9b\">14<span class=\"_ _1\"></span>.1 </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs63f\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>: </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs640\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _27f\"> </span><span class=\"ls4e ws6e\">(7<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>3)<span class=\"_ _175\"> </span><span class=\"ls159 ws149\"> 11.<span class=\"_ _1\"></span>4<span class=\"_ _be\"> </span><span class=\"ls4d ws49\">(3<span class=\"_ _0\"></span>.4)<span class=\"_ _3c\"> </span><span class=\"ff4 ls39 ws37\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3) </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs641\">(7<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>3)<span class=\"_ _175\"> </span><span class=\"ls159 ws149\"> 11.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span> <span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.4) <span class=\"_ _108\"> </span><span class=\"ff4 ls39 ws37\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3) </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs642\">Debt<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs643\">Bank loans<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs644\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 ws91 gs645\">(1<span class=\"_ _2\"></span>20.0)<span class=\"_ _208\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _17b\"> </span></span>(0.9)<span class=\"_ _113\"> </span><span class=\"ff4 ls4e ws6e\">(119.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls31 ws2d gs646\">Debentu<span class=\"_ _6\"></span>re stoc<span class=\"_ _6\"></span>k<span class=\"_ _227\"> </span><span class=\"ls3d ws3b\">(25<span class=\"_ _0\"></span>.9)<span class=\"_ _3e\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _88\"> </span>\u2013<span class=\"_ _175\"> </span><span class=\"ff4 ls5c ws4a\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs647\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _1a0\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _3d\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs648\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal borrowings<span class=\"_ _27e\"> </span><span class=\"ff3b ls156 ws144\">(<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _26\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span><span class=\"ls12 ws91\">(0.9)<span class=\"_ _34\"> </span></span></span></span><span class=\"ls13 ws5e\">(14<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs649\">Ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t<span class=\"_ _282\"> </span><span class=\"ff3b ls159 ws147\">(<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2e\"> </span>11.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _1a3\"> </span><span class=\"ls4e ws6e\">(4<span class=\"_ _0\"></span>.3)<span class=\"_ _34\"> </span></span></span><span class=\"ls85 ws9b\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs64a\">5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1e ws113 gs64b\">At<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs64c\">2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls142 ws58 gs64d\">20<span class=\"_ _0\"></span>21<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs64e\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs64f\">C<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs650\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 ws1b gs651\">Non-c<span class=\"_ _0\"></span>ash</div><div class=\"t m0 hd0 ff3b fs51 fc5 sc0 ls1 ws1 gs652\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs653\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs654\">At </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs655\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs656\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs657\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs658\">Cash and cash<span class=\"_ _6\"></span> equivalents:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs659\">Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m dep<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ts<span class=\"_ _27d\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _6\"></span>6.9 <span class=\"_ _93\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 ws91 gs65a\">1<span class=\"_ _6\"></span>6.9 <span class=\"_ _93\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ls3c ws3a\">15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs65b\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>: </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs65c\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _27f\"> </span><span class=\"ls4e ws6e\">(88<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3) <span class=\"_ _96\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _8f\"> </span></span></span>(7<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs65d\">(8<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>3) <span class=\"_ _96\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _a6\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _8f\"> </span></span></span>(<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>.3)<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs65e\">Debt<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c ws16 gs65f\">Bank loans<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs660\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls156 ws144 gs661\">(<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _17b\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _1\"></span>11.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _93\"> </span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _7a\"> </span>(1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>0.0)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs662\">CC<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>F <span class=\"_ _283\"> </span><span class=\"ls3b ws39\">(9<span class=\"_ _0\"></span>9.8)<span class=\"_ _40\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>0.0<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.2)<span class=\"_ _1ab\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls31 ws2d gs663\">Debentu<span class=\"_ _6\"></span>re stoc<span class=\"_ _6\"></span>k<span class=\"_ _227\"> </span><span class=\"ls3d ws3b\">(25<span class=\"_ _0\"></span>.9)<span class=\"_ _3e\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _88\"> </span>\u2013<span class=\"_ _16a\"> </span></span>(<span class=\"_ _0\"></span>25.<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs664\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _1a0\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs665\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal borrowings<span class=\"_ _281\"> </span><span class=\"ff3b ls4d ws49\">(2<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>.2)<span class=\"_ _21d\"> </span><span class=\"ls7b ws7b\">8<span class=\"_ _0\"></span>8.6<span class=\"_ _26\"> </span><span class=\"ls12 ws91\">(0.9)<span class=\"_ _c1\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs666\">Ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t<span class=\"_ _19c\"> </span><span class=\"ff3b ls94 ws44\">(3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>6)<span class=\"_ _16a\"> </span><span class=\"ls156 ws144\">9<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _5f\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>11.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsfe ws1 gs667\">1 <span class=\"_ _7\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fe<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs668\">2 <span class=\"_ _8\"> </span>B<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsfb ws15e gs669\">2<span class=\"_ _6\"></span>2.<span class=\"_ _6\"></span> P<span class=\"_ _6\"></span>ensions<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs66a\">a) <span class=\"_ _b\"> </span>Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t B<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t Pl<span class=\"_ _0\"></span>ans \u2013 G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs66b\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s one cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me, t<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>uller Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsion P<span class=\"_ _0\"></span>lan (\u201c<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u201d). T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>lan is de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t in </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs66c\">nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld in sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ssion<span class=\"_ _0\"></span>ally ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed, t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me is an H<span class=\"_ _0\"></span>M Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e &amp; Cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>gist<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion plan<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs66d\">and su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd U<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ed K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion an<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x la<span class=\"_ _0\"></span>w. On 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y 2015 the pla<span class=\"_ _0\"></span>n was clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs66e\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup also o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es a de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n plan<span class=\"_ _0\"></span>s for i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>uller\u2019s St<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>r Pen<span class=\"_ _0\"></span>sion P<span class=\"_ _0\"></span>lan w<span class=\"_ _0\"></span>as se<span class=\"_ _0\"></span>t up f<span class=\"_ _0\"></span>or ne<span class=\"_ _0\"></span>w </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs66f\">emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny af<span class=\"_ _1\"></span>ter t<span class=\"_ _0\"></span>he clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsion P<span class=\"_ _0\"></span>lan t<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>w ent<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n 1 Au<span class=\"_ _0\"></span>gus<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs670\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>ce p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o all employ<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n plan. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up of<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs671\">pe<span class=\"_ _0\"></span>nsions t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh t<span class=\"_ _0\"></span>he Na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal E<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ings T<span class=\"_ _6\"></span>ru<span class=\"_ _0\"></span>st (\u201cN<span class=\"_ _0\"></span>ES<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>\u201d)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs673\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup also p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ys b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d, to a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r empl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsider t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o be d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it in n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ure a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs674\">th<span class=\"_ _0\"></span>e full de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t liabilit<span class=\"_ _0\"></span>y is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs675\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs676\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs677\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs678\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs679\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs67a\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs67b\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs67c\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs67d\">(Credited)/cha<span class=\"_ _6\"></span>rged to Income Statement:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs67e\">Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e \u2013 ne<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t \u2013 sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s<span class=\"_ _f8\"> </span><span class=\"ff4 ls1 ws91\"> (<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>) <span class=\"_ _94\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs67f\">Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s and N<span class=\"_ _0\"></span>ES<span class=\"_ _0\"></span>T \u2013 t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _232\"> </span><span class=\"ff4 ls1 ws91\"> 2.<span class=\"_ _1\"></span>2 <span class=\"_ _168\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>9</span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs680\"> 1.7 <span class=\"_ _168\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs681\">Charge/(Credit) to<span class=\"_ _6\"></span> equity<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs682\">Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es \u2013 n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(<span class=\"_ _0\"></span>gains)<span class=\"_ _284\"> </span><span class=\"ff4 ls1\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _3c\"> </span></span><span class=\"ls3c ws3a\">(<span class=\"_ _0\"></span>15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls12 wsf gs683\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal pension charge<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(credit)<span class=\"_ _24e\"> </span><span class=\"ls1 ws1\">4.<span class=\"_ _1\"></span>2 <span class=\"_ _3c\"> </span><span class=\"ff3b ls157 ws14b\">(13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs684\">b)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Defined Cont<span class=\"_ _0\"></span>ribution St<span class=\"_ _0\"></span>akeholder<span class=\"_ _6\"></span> Pension Pla<span class=\"_ _6\"></span>ns \u2013 Group and<span class=\"_ _6\"></span> Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls32 ws1 gs685\">T<span class=\"_ _0\"></span>he to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>st c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is sho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs686\">c) <span class=\"_ _b\"> </span>De<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ned B<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t Pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s \u2013 Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs687\">T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d lump su<span class=\"_ _0\"></span>ms to m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>heir de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n dea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs688\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>oint<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _6\"></span>s memb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ship an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e and all rel<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ant s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs689\">mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y. The Trust<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e also r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sible fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme\u2019s asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs68a\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s as d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gular ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o us<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to v<span class=\"_ _0\"></span>alue t<span class=\"_ _0\"></span>he liabilitie<span class=\"_ _0\"></span>s and </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs68b\">co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ting as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s mus<span class=\"_ _0\"></span>t be b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs68c\">Res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nsibilit<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>or m<span class=\"_ _0\"></span>akin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>y def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme lies w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny an<span class=\"_ _0\"></span>d this in<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s for t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any. Th<span class=\"_ _0\"></span>e major r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s are:<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc4 sc0 lsb ws2e gs68d\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t and in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>isk \u2013 T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _6\"></span>s ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to v<span class=\"_ _0\"></span>olat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ha<span class=\"_ _0\"></span>s div<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs68e\">re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f vola<span class=\"_ _0\"></span>tilit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd v<span class=\"_ _0\"></span>ariab<span class=\"_ _0\"></span>le int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc4 sc0 lsb ws2e gs68f\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">In<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n risk \u2013 T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is linked t<span class=\"_ _0\"></span>o inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n so hig<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s would r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sult in a high<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </span></div><div class=\"t m0 hbb ff3b fs4 fc4 sc0 lsb ws2e gs690\">\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>isk \u2013 A<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions ap<span class=\"_ _0\"></span>plied w<span class=\"_ _0\"></span>ill incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs691\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y and Trus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s and m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge t<span class=\"_ _0\"></span>hem t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>undin<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>egie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Trus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs692\">gov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al ris<span class=\"_ _0\"></span>ks t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h a numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nal c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol policie<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs693\">T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>gular ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>ually c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t ev<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>y thr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>n A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 tr<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>nial valua<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>as c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls32 ws1 gs694\">and t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d to c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to p<span class=\"_ _0\"></span>ay c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he P<span class=\"_ _0\"></span>lan in line wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e exis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>lan. U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r this pl<span class=\"_ _0\"></span>an, de<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs695\">st<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ted a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.2 million per a<span class=\"_ _0\"></span>nnum in J<span class=\"_ _0\"></span>uly 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e are p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yabl<span class=\"_ _0\"></span>e in equ<span class=\"_ _0\"></span>al mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>almen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y in line w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I. A<span class=\"_ _0\"></span>s of Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls69 ws1 gs696\">th<span class=\"_ _0\"></span>e def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>4 mill<span class=\"_ _6\"></span>ion. F<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r cer<span class=\"_ _1\"></span>tain C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>hold p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alue of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.8 million at<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls69 ws1 gs697\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3) h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Plan a<span class=\"_ _0\"></span>s addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e value o<span class=\"_ _0\"></span>f whi<span class=\"_ _0\"></span>ch will be r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d at e<span class=\"_ _0\"></span>ach t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iennial v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e nex<span class=\"_ _1\"></span>t trie<span class=\"_ _0\"></span>nnial valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is due o<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls69 ws1 gs698\">30 J<span class=\"_ _0\"></span>uly 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs699\">T<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>gure<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d unit c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs69a\">T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as no<span class=\"_ _0\"></span>t inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in any o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s own f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or in pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties or o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in us<span class=\"_ _0\"></span>e by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws31 gs69b\">Key assumpt<span class=\"_ _0\"></span>ions<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs69c\">T<span class=\"_ _0\"></span>he ke<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alua<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me ar<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t belo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsdc wsaf gs69d\">Mortal<span class=\"_ _6\"></span>ity a<span class=\"_ _6\"></span>ssumpt<span class=\"_ _6\"></span>io<span class=\"_ _6\"></span>ns<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs69e\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls153 ws142 gs69f\">Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs6a0\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls160 ws15f gs6a1\">Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6a2\">Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 6<span class=\"_ _0\"></span>5) \u2013 male<span class=\"_ _0\"></span>s<span class=\"_ _27a\"> </span><span class=\"ff4 lsc5 wsbf\">22.0<span class=\"_ _dd\"> </span></span><span class=\"lsd ws16\">2<span class=\"_ _0\"></span>2.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6a3\">Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 6<span class=\"_ _0\"></span>5) \u2013 fe<span class=\"_ _0\"></span>male<span class=\"_ _0\"></span>s<span class=\"_ _285\"> </span><span class=\"ff4 lsc5 wsbf\">24.2<span class=\"_ _9a\"> </span></span><span class=\"ls14 ws10\">24.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6a4\">Fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 65<span class=\"_ _0\"></span>) \u2013 male<span class=\"_ _0\"></span>s<span class=\"_ _286\"> </span><span class=\"ff4 lse4 wsdf\">23.3<span class=\"_ _e8\"> </span></span><span class=\"ls5c ws4a\">23.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6a5\">Fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 65<span class=\"_ _0\"></span>) \u2013 fem<span class=\"_ _0\"></span>ales<span class=\"_ _287\"> </span><span class=\"ff4 ls1\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7<span class=\"_ _e8\"> </span></span><span class=\"ls12 ws91\">25.9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6a6\">T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me is no<span class=\"_ _0\"></span>w clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge ag<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho w<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>t closu<span class=\"_ _0\"></span>re is 5<span class=\"_ _0\"></span>8 f<span class=\"_ _0\"></span>or male<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d 5<span class=\"_ _0\"></span>5 for f<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ales. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age a<span class=\"_ _0\"></span>ge </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6a7\">of all non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsion<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s is 57<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff4 fs6 fc5 sc0 ls18 ws1 gs6a9\">Ke<span class=\"_ _0\"></span>y fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _288\"> </span><span class=\"ls139 ws12b\">2023<span class=\"_ _1a3\"> </span><span class=\"ff3b ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6aa\">Ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase in p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sions in p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _269\"> </span><span class=\"ff4 lse4 wsdf\">3.20%<span class=\"_ _c1\"> </span></span><span class=\"ls125 ws13a\">3.7<span class=\"_ _0\"></span>5%<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6ab\">Disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _273\"> </span><span class=\"ff4 ls1\">4<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _108\"> </span></span><span class=\"ls5c ws4a\">3.0<span class=\"_ _0\"></span>0%<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6ac\">Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion \u2013 R<span class=\"_ _0\"></span>PI<span class=\"_ _289\"> </span><span class=\"ff4 lse4 wsdf\">3.20<span class=\"_ _0\"></span>%<span class=\"_ _7a\"> </span></span><span class=\"ls5c ws4a\">3.<span class=\"_ _0\"></span>80<span class=\"_ _0\"></span>%<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6ad\">Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion \u2013 C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I (pr<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0/p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0)<span class=\"_ _28a\"> </span><span class=\"ff4 ls143 ws133\">2.3%/3.2%<span class=\"_ _ff\"> </span></span><span class=\"ls33 ws30\">2.9%/3.8%<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6ae\">T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me liabilitie<span class=\"_ _0\"></span>s is se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d, as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs6af\">Impact on Scheme l<span class=\"_ _6\"></span>iabil<span class=\"_ _6\"></span>ities \u2013 i<span class=\"_ _6\"></span>ncrease/<span class=\"_ _0\"></span>(decrease)<span class=\"_ _2db\"> </span></div><div class=\"t m0 ha2 ff4 fs51 fc5 sc0 ls1 ws1 gs6b0\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs6b1\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs6b2\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs6b3\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs6b4\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6b5\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e by 0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _6\"></span>%<span class=\"_ _28b\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2) <span class=\"_ _2e\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6b6\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n by 0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1%</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs6b7\">2</div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls85 ws3f gs6b8\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6b9\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e life ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cies b<span class=\"_ _0\"></span>y 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _1a4\"> </span><span class=\"ff4 lse4 ws131\"> 3.9<span class=\"_ _6\"></span> <span class=\"_ _e7\"> </span><span class=\"ff3b ls12 ws91\">6.2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsfe ws1 gs6ba\">1 <span class=\"_ _7\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge in a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>hils<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng all o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>s unlik<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y to o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in so<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he </div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsfe ws1 gs6bb\">as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y be c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lied a<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsfe ws1 gs6bc\">Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Due t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ual o<span class=\"_ _0\"></span>n 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y 2015, t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e no lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me. A<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>t cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e did n<span class=\"_ _0\"></span>ot </div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 lsfe ws1 gs6bd\">main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain a s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y lin<span class=\"_ _0\"></span>k on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>alar<span class=\"_ _1\"></span>y inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r ha<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>n im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me\u2019s liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs6be\">2  <span class=\"_ _5\"> </span>Fo<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e at c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ir pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>w in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in li<span class=\"_ _0\"></span>ne w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I in<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs6bf\">A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsf4 wsce gs6c0\">At<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs6c1\">1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs6c2\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1e ws113 gs6c3\">At<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs6c4\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs6c5\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 wsf gs6c6\">Corp<span class=\"_ _0\"></span>orate bon<span class=\"_ _0\"></span>ds<span class=\"_ _28c\"> </span><span class=\"ff4 ls80 ws83\"> 56.4 <span class=\"_ _17b\"> </span></span><span class=\"ws91\">25.0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls5c wsd0 gs6c7\">Index li<span class=\"_ _6\"></span>nked debt instrument<span class=\"_ _0\"></span>s<span class=\"_ _1af\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7 <span class=\"_ _17b\"> </span><span class=\"ff3b ls12\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs6c8\">Overseas equ<span class=\"_ _6\"></span>ities<span class=\"_ _28c\"> </span><span class=\"ff4 ls1 ws91\"> 6.<span class=\"_ _0\"></span>6 <span class=\"_ _33\"> </span></span><span class=\"ls48 wse3\">3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 wsf gs6c9\">Alternatives<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs6ca\">1</div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsc5 wsaf gs6cb\"> 1<span class=\"_ _6\"></span>9.0 <span class=\"_ _41\"> </span><span class=\"ff3b ls8a ws7d\">5<span class=\"_ _0\"></span>6.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c wsb0 gs6cc\">Cash<span class=\"_ _243\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>3 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls6a ws87 gs6cd\">A<span class=\"_ _0\"></span>nnui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _28d\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _e7\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs6ce\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _203\"> </span><span class=\"ls14e ws13e\">11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _44\"> </span><span class=\"ff3b ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs6cf\">1 <span class=\"_ _8\"> </span>Al<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d of h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s in di<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs6d0\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs6d1\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs6d2\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs6d3\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6d4\">Fair v<span class=\"_ _0\"></span>alue of S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _201\"> </span><span class=\"ff4 ls14e ws13e\">11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _44\"> </span></span><span class=\"ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6d5\">Pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value o<span class=\"_ _0\"></span>f S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _287\"> </span><span class=\"ff4 ls7c wsb0\">(9<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8)<span class=\"_ _7a\"> </span></span><span class=\"ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs6d6\">Su<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>lus i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me<span class=\"_ _1e3\"> </span><span class=\"ls13 ws5e\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _9a\"> </span><span class=\"ff3b ls85 ws9b\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6d7\">Inclu<span class=\"_ _0\"></span>ded w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value o<span class=\"_ _0\"></span>f Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e liabilities o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>8 million (20<span class=\"_ _0\"></span>21: \u00a31<span class=\"_ _6\"></span>29<span class=\"_ _0\"></span>.6 million) are liabilities o<span class=\"_ _0\"></span>f \u00a31.5 mil<span class=\"_ _6\"></span>lion </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6d8\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>.9 mill<span class=\"_ _6\"></span>ion) whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>tirel<span class=\"_ _0\"></span>y un<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is no r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6d9\">Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e again<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div>De<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _b1\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts<span class=\"_ _e7\"> </span>N<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>us<span class=\"_ _2db\"> </span>2023<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>2023<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _23\"> </span><span class=\"ff4 ls4e ws3b\"> (12<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6)<span class=\"_ _e1\"> </span></span><span class=\"ls156 ws148\"> (<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _e1\"> </span><span class=\"ff4 lse4 ws131\"> 143.9 <span class=\"_ _43\"> </span></span><span class=\"ls85 ws3f\"> 14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span><span class=\"ff4 ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _8f\"> </span></span><span class=\"ls5c wsd0\"> (3.5)<span class=\"_ _2db\"> </span></span></span></span>Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ss<span class=\"_ _2db\"> </span>Net i<span class=\"_ _6\"></span>nterest<span class=\"_ _6\"></span> cred<span class=\"_ _6\"></span>it<span class=\"_ _28e\"> </span><span class=\"ff4 lse4 ws131\"> (3.9<span class=\"_ _6\"></span>)<span class=\"_ _41\"> </span><span class=\"ff3b ls3d ws4a\"> (2.<span class=\"_ _0\"></span>8)<span class=\"_ _2e\"> </span></span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.8 <span class=\"_ _e8\"> </span></span> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 </span></span></span> (3.9<span class=\"_ _6\"></span>)<span class=\"_ _41\"> </span><span class=\"ff3b ls3d ws4a\"> (2.<span class=\"_ _0\"></span>8)<span class=\"_ _2e\"> </span></span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.8 <span class=\"_ _e8\"> </span></span> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 </span></span>Included i<span class=\"_ _6\"></span>n other comprehensive Income<span class=\"_ _2db\"> </span>Actuarial<span class=\"_ _6\"></span> (<span class=\"_ _6\"></span>losses<span class=\"_ _6\"></span>)/ga<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>n rel<span class=\"_ _6\"></span>ati<span class=\"_ _6\"></span>ng to<span class=\"_ _6\"></span>:<span class=\"_ _2db\"> </span>Ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n les<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n on S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _6\"></span>s asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1ab\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 <span class=\"_ _85\"> </span></span><span class=\"ls5c wsd0\"> (3<span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>0)<span class=\"_ _dd\"> </span></span><span class=\"ff3b\"> 0.6 <span class=\"_ _85\"> </span></span><span class=\"ls5c wsd0\"> (3<span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>0)<span class=\"_ _dd\"> </span></span><span class=\"ff3b\"> 0.<span class=\"_ _0\"></span>6 </span></span>E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>erie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e gain<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g on S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _28f\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span></span><span class=\"ls85 ws3f\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 <span class=\"_ _e3\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _b7\"> </span><span class=\"ff3b\"> \u2013 <span class=\"_ _91\"> </span></span> 2<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span></span> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 </span> 2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span><span class=\"ff3b ls85 ws3f\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 <span class=\"_ _85\"> </span></span><span class=\"ls5c wsd0\"> (3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0)<span class=\"_ _dd\"> </span></span><span class=\"ff3b\"> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e4\"> </span></span><span class=\"ls86 ws1d\"> (2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _96\"> </span><span class=\"ff3b ls3c ws152\"> 15<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> </span></span>Ot<span class=\"_ _0\"></span>her<span class=\"_ _2db\"> </span>Em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _290\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 <span class=\"_ _dd\"> </span></span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.3 <span class=\"_ _dd\"> </span></span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.3 </span></span>Be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>aid<span class=\"_ _291\"> </span><span class=\"ff4 ls1 ws91\"> 5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 5.6 <span class=\"_ _e4\"> </span></span><span class=\"ls16 ws12\"> (5.<span class=\"_ _0\"></span>2)<span class=\"_ _16a\"> </span></span></span><span class=\"ls94 wsad\"> (5.<span class=\"_ _0\"></span>6)<span class=\"_ _94\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 </span></span></span> 5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 5.6 <span class=\"_ _e4\"> </span></span><span class=\"ls5c wsd0\"> (2<span class=\"_ _1\"></span>.9)<span class=\"_ _17b\"> </span><span class=\"ff3b ls4e ws3b\"> (<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>3)<span class=\"_ _2e\"> </span></span></span> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.3 </span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _cf\"> </span><span class=\"ls7c ws16\"> (9<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _34\"> </span><span class=\"ff3b ls59 ws9b\"> (12<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _43\"> </span></span><span class=\"ls14e ws5b\"> 11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _190\"> </span><span class=\"ff3b ls85 ws3f\"> 14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span></span><span class=\"ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _8f\"> </span><span class=\"ff3b ls85 ws3f\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> </span></span></span></span>T<span class=\"_ _0\"></span>he wei<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me\u2019<span class=\"_ _6\"></span>s liabilities a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e end o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d is 17 year<span class=\"_ _0\"></span>s (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 17 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s). T<span class=\"_ _0\"></span>he to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ye<span class=\"_ _0\"></span>ar ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.4 million for t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny. Follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>clusion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iennial v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion in A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, i<span class=\"_ _0\"></span>t wa<span class=\"_ _0\"></span>s agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any w<span class=\"_ _0\"></span>ould c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinue t<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>ay c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in line wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>y plan. U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r this plan, de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cit r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.2 million per a<span class=\"_ _0\"></span>nnum in J<span class=\"_ _0\"></span>uly 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e are p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le in equ<span class=\"_ _0\"></span>al mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>almen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in line wit<span class=\"_ _0\"></span>h C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I. A<span class=\"_ _0\"></span>s of J<span class=\"_ _0\"></span>anuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to \u00a3<span class=\"_ _1\"></span>2.4 million. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit p<span class=\"_ _0\"></span>lan w<span class=\"_ _0\"></span>ill be rev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>iennial v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion, w<span class=\"_ _0\"></span>hich is d<span class=\"_ _0\"></span>ue on 3<span class=\"_ _0\"></span>0 Jul<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. No f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>ther p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re m<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e is no<span class=\"_ _0\"></span>w clos<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual.<span class=\"_ _2db\"> </span>23<span class=\"_ _6\"></span>. <span class=\"_ _b\"> </span>Preference Share Capital<span class=\"_ _2db\"> </span>Group and Company<span class=\"_ _2db\"> </span>Au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly p<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>d sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _2db\"> </span>Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d in i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Fi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 6<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span> cumulat<span class=\"_ _0\"></span>ive prefer<span class=\"_ _0\"></span>ence share of  \u00a3<span class=\"_ _0\"></span>1 ea<span class=\"_ _0\"></span>ch Number<span class=\"_ _2db\"> </span>000s<span class=\"_ _2db\"> </span>Second 8% cumulat<span class=\"_ _0\"></span>ive prefer<span class=\"_ _0\"></span>ence share of  \u00a3<span class=\"_ _0\"></span>1 ea<span class=\"_ _0\"></span>ch Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 000s<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 000s<span class=\"_ _2db\"> </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 and 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _292\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0 <span class=\"_ _113\"> </span><span class=\"ls3f ws87\"> 1,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0 <span class=\"_ _97\"> </span><span class=\"lse3 ws160\"> 1<span class=\"_ _6\"></span>,600<span class=\"_ _2\"></span> </span></span></span>Monetar<span class=\"_ _0\"></span>y amount<span class=\"_ _0\"></span>:<span class=\"_ _15e\"> </span><span class=\"ls1 wsbd\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _26\"> </span> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _26\"> </span> \u00a3<span class=\"_ _0\"></span>m </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 and 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _226\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _e8\"> </span><span class=\"ls39 ws6e\"> 1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span> 1.6 </span></span>T<span class=\"_ _0\"></span>he fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 6% c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _0\"></span>1 e<span class=\"_ _0\"></span>ach ar<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f a fi<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end a<span class=\"_ _0\"></span>nd on w<span class=\"_ _0\"></span>indin<span class=\"_ _0\"></span>g up to a r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f paid c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al plus ar<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s of di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nd 8% c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f \u00a31 e<span class=\"_ _0\"></span>ach a<span class=\"_ _0\"></span>re en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of a f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>xed c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d on win<span class=\"_ _0\"></span>ding up a r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al paid up (<span class=\"_ _0\"></span>plus a pr<span class=\"_ _0\"></span>emium c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e to an a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e quo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck E<span class=\"_ _1\"></span>xcha<span class=\"_ _0\"></span>nge f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us six<span class=\"_ _0\"></span> mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hs) plus ar<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s of di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds.<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>y onl<span class=\"_ _0\"></span>y vot<span class=\"_ _0\"></span>e in limit<span class=\"_ _0\"></span>ed cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es: p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ally on w<span class=\"_ _0\"></span>inding up, al<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f clas<span class=\"_ _0\"></span>s righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or o<span class=\"_ _0\"></span>n unp<span class=\"_ _0\"></span>aid pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>ot b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n on w<span class=\"_ _0\"></span>inding u<span class=\"_ _0\"></span>p.<span class=\"_ _2db\"> </span><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws15d gs6fd\">24. Pr<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws138 gs6fe\">Le<span class=\"_ _0\"></span>gal claim<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs6ff\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs700\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs701\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs702\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs703\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls33 ws31 gs704\">Balance<span class=\"_ _6\"></span> at the beginni<span class=\"_ _6\"></span>ng of the year<span class=\"_ _293\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">4.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 wsbb gs705\">U<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _294\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _170\"> </span></span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls3b ws39 gs706\">Relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _295\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs707\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e end o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _7e\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span><span class=\"ff3b ls8a ws7d\">0.5<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsd5 wsf8 gs708\">Analys<span class=\"_ _0\"></span>ed as:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs709\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs70a\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs70b\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs70c\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs70d\">Due w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _17f\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span></span><span class=\"ls8a ws7d\">0.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs70e\">Due in mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an on<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _184\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _36\"> </span><span class=\"ff3b\">\u2013</span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs70f\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span><span class=\"ff3b ls8a ws7d\">0.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 ls31 ws2d gs710\">25<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _a\"> </span>Financial Instruments<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls69 ws1 gs711\">De<span class=\"_ _0\"></span>tails of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s tr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w\u2019s discus<span class=\"_ _0\"></span>sion o<span class=\"_ _0\"></span>f fin<span class=\"_ _0\"></span>ancial r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olicies o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>age 3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs712\">T<span class=\"_ _0\"></span>he ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts is d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ailed in n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 1<span class=\"_ _6\"></span>. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs713\">a) <span class=\"_ _b\"> </span>Ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt \u2013 G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs714\">As d<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>te 1<span class=\"_ _6\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al to c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs715\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs716\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs717\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs718\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs719\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs71a\">Ordinary share capital<span class=\"_ _27c\"> </span><span class=\"ff4 ls80 wse4\">25.4<span class=\"_ _e8\"> </span></span><span class=\"ls33 ws30\">25.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs71b\">Share<span class=\"_ _6\"></span> prem<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>um<span class=\"_ _296\"> </span><span class=\"ff4 lse4 wsdf\">53.<span class=\"_ _0\"></span>2<span class=\"_ _dd\"> </span></span><span class=\"ls5c ws4a\">5<span class=\"_ _0\"></span>3.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs71c\">Ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve<span class=\"_ _297\"> </span><span class=\"ff4 ls1\">3.7<span class=\"_ _5f\"> </span></span><span class=\"ls125 ws13a\">3<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs71d\">He<span class=\"_ _0\"></span>dging r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ve<span class=\"_ _156\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs71e\">Re<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs<span class=\"_ _17f\"> </span><span class=\"ff4 ls39 ws37\">3<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>1.6<span class=\"_ _96\"> </span></span><span class=\"ls5c ws4a\">3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs71f\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _26c\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lse4 wsdf gs720\">46<span class=\"_ _0\"></span>5.5<span class=\"_ _44\"> </span><span class=\"ff3b ls156 ws144\">4<span class=\"_ _59\"></span>6<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs721\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs722\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs723\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs724\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs725\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs726\">Ordinary share capital<span class=\"_ _27c\"> </span><span class=\"ff4 ls80 wse4\">25.4<span class=\"_ _e8\"> </span></span><span class=\"ls33 ws30\">25.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs727\">Share<span class=\"_ _6\"></span> prem<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>um<span class=\"_ _296\"> </span><span class=\"ff4 lse4 wsdf\">53.<span class=\"_ _0\"></span>2<span class=\"_ _dd\"> </span></span><span class=\"ls5c ws4a\">5<span class=\"_ _0\"></span>3.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs728\">Ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve<span class=\"_ _297\"> </span><span class=\"ff4 ls1\">3.7<span class=\"_ _5f\"> </span></span><span class=\"ls125 ws13a\">3<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs729\">He<span class=\"_ _0\"></span>dging r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ve<span class=\"_ _156\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs72a\">Merger re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve<span class=\"_ _298\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _0\"></span>6)<span class=\"_ _93\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs72b\">Re<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs<span class=\"_ _21e\"> </span><span class=\"ff4 ls37 ws35\">32<span class=\"_ _0\"></span>5.6<span class=\"_ _44\"> </span></span><span class=\"ls15a ws14c\">3<span class=\"_ _59\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs72c\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _26c\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsc7 wsc0 gs72d\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _41\"> </span><span class=\"ff3b ls156 ws144\">4<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs72e\">In man<span class=\"_ _0\"></span>agin<span class=\"_ _0\"></span>g it<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al, th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>imar<span class=\"_ _1\"></span>y objec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e is to en<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p is able to c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>s a going c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn a<span class=\"_ _0\"></span>nd to m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs72f\">to sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ugh a c<span class=\"_ _0\"></span>omb<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th, dis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds to i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs730\">se<span class=\"_ _0\"></span>eks t<span class=\"_ _0\"></span>o main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain a ra<span class=\"_ _0\"></span>tio of d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y th<span class=\"_ _0\"></span>at b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>t an a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able le<span class=\"_ _0\"></span>vel an<span class=\"_ _0\"></span>d main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icien<span class=\"_ _0\"></span>t fu<span class=\"_ _0\"></span>nds t<span class=\"_ _0\"></span>o me<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs731\">ta<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h lendin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>s a minimum, t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ard r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ws t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s divid<span class=\"_ _0\"></span>end p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ice y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y and r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs732\">th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _1\"></span>y posi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>t ev<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>y Bo<span class=\"_ _0\"></span>ard m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs734\">b) <span class=\"_ _b\"> </span>Ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs735\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liabilities a<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>y also b<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ego<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs736\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs737\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs738\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs739\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs73a\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs73b\">Non-cur<span class=\"_ _0\"></span>rent asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs73c\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g<span class=\"_ _299\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _186\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs73d\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _29a\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _186\"> </span></span><span class=\"ff3b ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs73e\">Curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs73f\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es in s<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>pe o<span class=\"_ _0\"></span>f IF<span class=\"_ _0\"></span>RS 9<span class=\"_ _200\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs740\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1a2\"> </span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _208\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs741\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _29b\"> </span><span class=\"ls39 ws37\">1.7<span class=\"_ _208\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs742\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs743\">Financ<span class=\"_ _6\"></span>ia<span class=\"_ _6\"></span>l l<span class=\"_ _2\"></span>iabi<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span> at a<span class=\"_ _6\"></span>mortised cost:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs744\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s in s<span class=\"_ _0\"></span>cop<span class=\"_ _0\"></span>e of I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9<span class=\"_ _29c\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _2e\"> </span></span><span class=\"ls156 ws144\">2<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs745\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _16d\"> </span><span class=\"ff4 ls1 ws1\">4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 <span class=\"_ _e7\"> </span></span><span class=\"ls12 ws91\">6.8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c wsb0 gs746\">Loans<span class=\"_ _29d\"> </span><span class=\"ff4 ls1 ws91\"> 6.<span class=\"_ _0\"></span>0 <span class=\"_ _104\"> </span><span class=\"ff3b ls12\">120.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs747\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _29e\"> </span><span class=\"ff4 ls1\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.7 <span class=\"_ _104\"> </span></span><span class=\"ls3c ws3a\">15<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs748\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g<span class=\"_ _161\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs749\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _297\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _1\"></span>3.7<span class=\"_ _8f\"> </span><span class=\"ff3b ls3c ws3a\">15<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>8<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs74a\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs74b\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g<span class=\"_ _161\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs74c\">Financ<span class=\"_ _6\"></span>ia<span class=\"_ _6\"></span>l l<span class=\"_ _2\"></span>iabi<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span> at a<span class=\"_ _6\"></span>mortised cost:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs74d\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _26c\"> </span><span class=\"ff4 lsc7 ws14b\"> 6<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _17b\"> </span></span><span class=\"ls5c ws4a\">73.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs74e\">Lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k<span class=\"_ _182\"> </span><span class=\"ff4 ls3b wsb0\"> 13<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _17b\"> </span></span><span class=\"ls12 ws91\">2<span class=\"_ _0\"></span>5.9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs74f\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _29f\"> </span><span class=\"ff4 ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs750\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _250\"> </span><span class=\"ff4 lsc7 ws14b\"> 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span></span><span class=\"ls48 wse3\">10<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs751\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _7e\"> </span><span class=\"lsc7 ws14b\"> 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _c9\"> </span><span class=\"ff3b ls48 wse3\">10<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs752\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _1fb\"> </span><span class=\"ls39 ws6e\"> 24<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _12f\"> </span><span class=\"ff3b ls12 ws91\">25<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs754\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs755\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs756\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs757\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs758\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs759\">Non-cur<span class=\"_ _0\"></span>rent asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs75a\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g<span class=\"_ _299\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _186\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs75b\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s<span class=\"_ _21a\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _18a\"> </span></span><span class=\"ff3b ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls86 ws1d gs75c\">Curren<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs75d\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es in s<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>pe o<span class=\"_ _0\"></span>f IF<span class=\"_ _0\"></span>RS 9<span class=\"_ _200\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs75e\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1a2\"> </span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>6<span class=\"_ _208\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs75f\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _29b\"> </span><span class=\"ls39 ws37\">1.7<span class=\"_ _208\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs760\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs761\">Financ<span class=\"_ _6\"></span>ia<span class=\"_ _6\"></span>l l<span class=\"_ _2\"></span>iabi<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span> at a<span class=\"_ _6\"></span>mortised cost:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs762\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s in s<span class=\"_ _0\"></span>cop<span class=\"_ _0\"></span>e of I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9<span class=\"_ _1fa\"> </span><span class=\"ff4 ls3d ws4a\"> 16<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _104\"> </span></span><span class=\"ls158 ws14f\">16<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs763\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _273\"> </span><span class=\"ff4 ls1 ws91\"> 4<span class=\"_ _0\"></span>.7 <span class=\"_ _168\"> </span></span><span class=\"ls8a ws7d\">6.5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7c wsb0 gs764\">Loans<span class=\"_ _29d\"> </span><span class=\"ff4 ls1 ws91\"> 6.<span class=\"_ _0\"></span>0 <span class=\"_ _104\"> </span><span class=\"ff3b ls12\">120.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs765\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _250\"> </span><span class=\"ff4 ls1 ws91\"> 17<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7 <span class=\"_ _c9\"> </span></span><span class=\"ls15a ws14c\">2<span class=\"_ _59\"></span>9<span class=\"_ _1\"></span>1.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs766\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g<span class=\"_ _161\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs767\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _21c\"> </span><span class=\"ls1 ws91\"> 176<span class=\"_ _0\"></span>.7 <span class=\"_ _104\"> </span><span class=\"ff3b ls48 wse3\">2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs768\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs769\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g<span class=\"_ _161\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs76a\">Financ<span class=\"_ _6\"></span>ia<span class=\"_ _6\"></span>l l<span class=\"_ _2\"></span>iabi<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span> at a<span class=\"_ _6\"></span>mortised cost:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs76b\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2a0\"> </span><span class=\"ff4 ls1 ws91\"> 6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _17b\"> </span></span><span class=\"lsd ws16\">72.8<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs76c\">Lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k<span class=\"_ _182\"> </span><span class=\"ff4 ls3b wsb0\"> 13<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _17b\"> </span></span><span class=\"ls12 ws91\">2<span class=\"_ _0\"></span>5.9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs76d\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _29f\"> </span><span class=\"ff4 ls39 ws6e\"> 1.<span class=\"_ _0\"></span>6 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs76e\">T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _250\"> </span><span class=\"ff4 lsc7 ws14b\"> 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _40\"> </span></span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs76f\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _7e\"> </span><span class=\"lsc7 ws14b\"> 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span> <span class=\"_ _40\"> </span><span class=\"ff3b ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 wsad gs770\">T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _182\"> </span><span class=\"ls161 ws12d\"> 384<span class=\"_ _6\"></span>.2<span class=\"_ _96\"> </span><span class=\"ff3b ls48 wse3\">3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs771\">T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is no s<span class=\"_ _0\"></span>et-<span class=\"_ _0\"></span>of<span class=\"_ _1\"></span>f of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilitie<span class=\"_ _0\"></span>s as sh<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n ab<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ve.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs772\">c) <span class=\"_ _b\"> </span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial R<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s \u2013 Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs773\">T<span class=\"_ _0\"></span>he main r<span class=\"_ _0\"></span>isks a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s financi<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liabilities a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>elow, as are t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s policies f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>heir m<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs774\">Der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>eris<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cs o<span class=\"_ _0\"></span>f fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>dan<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>olicy.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs775\">i. <span class=\"_ _a\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs776\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs using a mi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es, v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iable r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>wap<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>xed r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s do no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up to c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs777\">flo<span class=\"_ _0\"></span>w int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t do n<span class=\"_ _0\"></span>ot e<span class=\"_ _0\"></span>njoy a r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion in b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e falling. F<span class=\"_ _0\"></span>loa<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings, al<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs778\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in fair v<span class=\"_ _0\"></span>alue, ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p to c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low r<span class=\"_ _0\"></span>isk f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g ris<span class=\"_ _0\"></span>es in in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs779\">T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>ben<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alling \u00a32<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.9 million (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5.9 million), ne<span class=\"_ _0\"></span>t of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>aid in ad<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, are a<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>alling \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 mill<span class=\"_ _6\"></span>ion </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs77a\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>20 million), ne<span class=\"_ _0\"></span>t of ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s, are a<span class=\"_ _0\"></span>t flo<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. At t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>nd, a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ollar<span class=\"_ _6\"></span>, 50<span class=\"_ _0\"></span>% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs77b\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: 17%<span class=\"_ _6\"></span>) of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup\u2019s bank lo<span class=\"_ _0\"></span>ans an<span class=\"_ _0\"></span>d 6<span class=\"_ _0\"></span>0% (<span class=\"_ _0\"></span>20<span class=\"_ _1\"></span>22: 3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>%) of gro<span class=\"_ _0\"></span>ss b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e at f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>r he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 ls7f ws82 gs77c\">Intere<span class=\"_ _6\"></span>st rate<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>oll<span class=\"_ _6\"></span>a<span class=\"_ _6\"></span>r<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs77d\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as en<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>o int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e collar ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup s<span class=\"_ _0\"></span>old a flo<span class=\"_ _0\"></span>or an<span class=\"_ _0\"></span>d bo<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>t a c<span class=\"_ _0\"></span>ap, in or<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>o he<span class=\"_ _0\"></span>dge t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk in in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws o<span class=\"_ _0\"></span>n </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs77e\">it<span class=\"_ _0\"></span>s bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs going hig<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>p. At t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te, \u00a3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 million of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s and C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s bor<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ings w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d by in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te c<span class=\"_ _0\"></span>ollar </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs77f\">at fl<span class=\"_ _0\"></span>oor a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>ap r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 3.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0% an<span class=\"_ _0\"></span>d 5.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0% r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>. At 2<span class=\"_ _0\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 mill<span class=\"_ _6\"></span>ion of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s and C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s bor<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs780\">sw<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s at a ble<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 2<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>4%. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 Mar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d in Au<span class=\"_ _0\"></span>gus<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs781\">T<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>llar is exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to imp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in line wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>isk t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n in s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion (iii) below. T<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ollar cas<span class=\"_ _0\"></span>h </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs782\">flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 wa<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed as b<span class=\"_ _0\"></span>eing hig<span class=\"_ _0\"></span>hly e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve. N<span class=\"_ _0\"></span>et un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alised g<span class=\"_ _0\"></span>ain of \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>5 million) has bee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs783\">comprehensive i<span class=\"_ _6\"></span>ncome. </div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 lsb ws1 gs785\">Se<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y \u2013 Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs786\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s in St<span class=\"_ _0\"></span>erling a<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>h S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rling S<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span>A r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n 0.6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>% and 4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>17%. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs787\">T<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider 1.00<span class=\"_ _0\"></span>% to b<span class=\"_ _0\"></span>e a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>sible inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d 0.5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% to b<span class=\"_ _0\"></span>e a r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>sible de<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se in r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs788\">yield c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs789\">T<span class=\"_ _0\"></span>he ann<span class=\"_ _0\"></span>ualise<span class=\"_ _0\"></span>d ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e flo<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e deb<span class=\"_ _0\"></span>t at t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e, all oth<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ariab<span class=\"_ _0\"></span>les b<span class=\"_ _0\"></span>eing c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t, a<span class=\"_ _0\"></span>re as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1c ws19 gs78a\">Group<span class=\"_ _2a1\"> </span><span class=\"ls1e ws113\">Comp<span class=\"_ _0\"></span>any<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hd0 ff3b fs51 fc5 sc0 ls1 ws1 gs78b\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs78c\">Im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y \u2013 inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e)<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs78d\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs78e\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs78f\">2022<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs790\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs791\">2023<span class=\"_ _6\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs792\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs793\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs794\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs795\">De<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e by 0<span class=\"_ _0\"></span>.5%<span class=\"_ _2a2\"> </span><span class=\"ff4 lsc5 wsbf\">0.8<span class=\"_ _1ac\"> </span></span><span class=\"ls8a ws7d\">0.5<span class=\"_ _b1\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _1\"></span>3<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs796\">Increase<span class=\"_ _6\"></span> interest<span class=\"_ _6\"></span> rate by 1<span class=\"_ _2\"></span>.0%<span class=\"_ _1b7\"> </span><span class=\"ff4 ls39 ws37\">(1.5<span class=\"_ _0\"></span>)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2e\"> </span><span class=\"ff4 ls12 ws91\">(3<span class=\"_ _0\"></span>.6)<span class=\"_ _93\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs797\">1 <span class=\"_ _8\"> </span>T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y ha<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ial in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies (n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>0)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs798\">ii<span class=\"_ _0\"></span>. <span class=\"_ _b\"> </span>C<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>t ris<span class=\"_ _0\"></span>k<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs799\">T<span class=\"_ _0\"></span>he ris<span class=\"_ _0\"></span>k of f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial los<span class=\"_ _0\"></span>s due t<span class=\"_ _0\"></span>o a co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y\u2019s failure to h<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>our it<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>rinc<span class=\"_ _0\"></span>ipally in r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s go<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs79a\">and s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ms, de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>s sur<span class=\"_ _0\"></span>plus c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h and e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>o der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs79b\">Gro<span class=\"_ _0\"></span>up policie<span class=\"_ _0\"></span>s are aim<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t minimising los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ms ar<span class=\"_ _0\"></span>e onl<span class=\"_ _0\"></span>y gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho de<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e an ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t hist<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>y and sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>y </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs79c\">cre<span class=\"_ _0\"></span>dit w<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>thine<span class=\"_ _0\"></span>ss p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>edur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. In<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idual cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t limits t<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol deb<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>d go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s may als<span class=\"_ _0\"></span>o be s<span class=\"_ _0\"></span>old on a c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h wi<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>asis. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs79d\">Ca<span class=\"_ _0\"></span>sh de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t per<span class=\"_ _0\"></span>iods a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e onl<span class=\"_ _0\"></span>y per<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs79e\">T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>f cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>imum cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is rep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>heir </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs79f\">car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue as a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc7 sc0 lsb ws1 gs7a0\">T<span class=\"_ _6\"></span>rade an<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a1\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y fr<span class=\"_ _0\"></span>om g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les. F<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ail is inclu<span class=\"_ _0\"></span>ded in n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 18.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls33 ws31 gs7a2\">iii. <span class=\"_ _b\"> </span>L<span class=\"_ _0\"></span>iquidit<span class=\"_ _1\"></span>y risk<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a3\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup minimise<span class=\"_ _0\"></span>s liquidit<span class=\"_ _1\"></span>y risk b<span class=\"_ _0\"></span>y man<span class=\"_ _0\"></span>aging c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion, ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les c<span class=\"_ _0\"></span>ollec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, m<span class=\"_ _0\"></span>onit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ing daily c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>ceip<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a4\">se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g rolling c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. In<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ack p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d as p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f a tigh<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>lled inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>aisal p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s rat<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a5\">wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit ag<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cies is ex<span class=\"_ _0\"></span>cellen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a6\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as a mix<span class=\"_ _1\"></span>ture o<span class=\"_ _0\"></span>f lon<span class=\"_ _0\"></span>g and s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wing<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>acilitie<span class=\"_ _0\"></span>s: 1<span class=\"_ _6\"></span>% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 15%<span class=\"_ _6\"></span>) of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>an </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a7\">fi<span class=\"_ _0\"></span>ve y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s, 9<span class=\"_ _0\"></span>5% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 4%) wit<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t to f<span class=\"_ _0\"></span>if<span class=\"_ _1\"></span>th ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d 4% (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: 81<span class=\"_ _6\"></span>%) within o<span class=\"_ _0\"></span>ne y<span class=\"_ _0\"></span>ear.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a8\">T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>age s<span class=\"_ _0\"></span>umm<span class=\"_ _0\"></span>aris<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rit<span class=\"_ _1\"></span>y pr<span class=\"_ _0\"></span>ofile o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s fin<span class=\"_ _0\"></span>ancial liabilitie<span class=\"_ _0\"></span>s at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on un<span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual c<span class=\"_ _0\"></span>ash </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7a9\">flo<span class=\"_ _0\"></span>ws, in<span class=\"_ _0\"></span>cluding in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pa<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le. Fl<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st is e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ailing inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te.<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs7aa\">Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7ab\">On </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7ac\">dem<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7ad\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7ae\">Le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs7af\"> 3 months</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs7b0\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7b1\">3 to 12<span class=\"ls1\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs7b2\"> months<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7b3\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7b4\">1 to 5 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7b5\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7b6\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7b7\">6 to 10 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7b8\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7b9\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7ba\">Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"ls1\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2d ws109 gs7bb\"> 10 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7bc\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls138 ws12a gs7bd\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs7be\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7bf\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs7c0\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs7c1\">\u2013<span class=\"_ _33\"> </span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>.7<span class=\"_ _91\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _e1\"> </span>1<span class=\"_ _0\"></span>4<span class=\"_ _59\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span></span></span>\u2013<span class=\"_ _c9\"> </span><span class=\"ls15a ws14c\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _34\"> </span><span class=\"ff4 ls39 ws37\">18<span class=\"_ _1\"></span>1.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs7c2\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs7c3\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs7c4\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _2e\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2e\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _b1\"> </span></span></span>\u2013<span class=\"_ _33\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _17b\"> </span><span class=\"ff4 lsc5 wsbf\">4<span class=\"_ _0\"></span>.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7c5\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _2a3\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _6\"></span>9.0<span class=\"_ _16a\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _16a\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _12f\"> </span><span class=\"ff4 lse4 wsdf\">2<span class=\"_ _0\"></span>2.9<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs7c6\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _16a\"> </span><span class=\"ls12 ws91\">2.0<span class=\"_ _2e\"> </span><span class=\"ls15a ws14c\">6<span class=\"_ _1\"></span>.1<span class=\"_ _3c\"> </span></span>2<span class=\"_ _0\"></span>9.3<span class=\"_ _104\"> </span><span class=\"ls8a ws7d\">2<span class=\"_ _0\"></span>9.5<span class=\"_ _40\"> </span><span class=\"lsd ws16\">3<span class=\"_ _0\"></span>2.3<span class=\"_ _12f\"> </span><span class=\"ff4 lsc5 wsbf\">9<span class=\"_ _0\"></span>9.2<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs7c7\">1 <span class=\"_ _8\"> </span>B<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>re in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te c<span class=\"_ _0\"></span>olla<span class=\"_ _0\"></span>r hel<span class=\"_ _0\"></span>d in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>: </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs7c8\">Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7c9\">On </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1e ws113 gs7ca\">demand<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7cb\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7cc\">Le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs7cd\"> 3 months </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7ce\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7cf\">3 to 12<span class=\"ls1\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs7d0\"> months</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs7d1\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7d2\">1 to 5 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7d3\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7d4\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7d5\">6 to 10 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7d6\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7d7\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7d8\">Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"ls1\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2d ws109 gs7d9\"> 10 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7da\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls138 ws12a gs7db\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs7dc\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7dd\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs</div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs7de\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs7df\">\u2013<span class=\"_ _2e\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _113\"> </span><span class=\"ls33 ws30\">1<span class=\"_ _6\"></span>25.4<span class=\"_ _3c\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _1\"></span>.0<span class=\"_ _5f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _91\"> </span><span class=\"ls48 wse3\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"ff4 ls3d ws3b\">16<span class=\"_ _1\"></span>0.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs7e0\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs7e1\">2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws1 gs7e2\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _2e\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2e\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _b1\"> </span></span></span>\u2013<span class=\"_ _33\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _17b\"> </span><span class=\"ff4 lsc5 wsbf\">4<span class=\"_ _0\"></span>.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7e3\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _11d\"> </span><span class=\"ls14 ws10\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _33\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _33\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span></span></span></span><span class=\"ls1\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _104\"> </span><span class=\"ff4 lsc7 wsc0\">2<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs7e4\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _16a\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _16a\"> </span><span class=\"ls12 ws91\">6.8<span class=\"_ _c9\"> </span><span class=\"ls156 ws144\">2<span class=\"_ _59\"></span>7.<span class=\"_ _59\"></span>3<span class=\"_ _c9\"> </span></span>2<span class=\"_ _0\"></span>6.0<span class=\"_ _40\"> </span>3<span class=\"_ _0\"></span>9.4<span class=\"_ _d0\"> </span><span class=\"ff4 lsea ws81\">101<span class=\"_ _2\"></span>.8<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs7e5\">1  <span class=\"_ _5\"> </span>Ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d af<span class=\"_ _1\"></span>ter t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>ap a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>p hel<span class=\"_ _0\"></span>d in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs7e6\">Interest<span class=\"_ _6\"></span> rate swaps<span class=\"_ _122\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2e\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span></span>\u2013<span class=\"_ _2d\"> </span>\u2013<span class=\"_ _17b\"> </span><span class=\"ff4 lsc5 wsbf\">0.2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls50 ws1 gs7e7\">2 <span class=\"_ _8\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve n<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n f<span class=\"_ _0\"></span>or 2<span class=\"_ _0\"></span>0 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>ut n<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>r.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7e9\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e as fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up, exc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs7ea\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y at 1 A<span class=\"_ _1\"></span>pri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7eb\">On </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1e ws113 gs7ec\">demand</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs7ed\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7ee\">Le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs7ef\"> 3 months </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7f0\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7f1\">3 to 12<span class=\"ls1\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs7f2\"> months </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7f3\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7f4\">1 to 5 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7f5\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7f6\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7f7\">6 to 10 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs7f8\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7f9\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs7fa\">Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2d ws109 gs7fb\">10 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs7fc\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls138 ws12a gs7fd\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs7fe\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs7ff\">A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s due t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ings<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs800\">3<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls15a ws14c gs801\">1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ff4 ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs802\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _2a3\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _6\"></span>9.0<span class=\"_ _16a\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _16a\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _12f\"> </span><span class=\"ff4 lse4 wsdf\">2<span class=\"_ _0\"></span>2.9<span class=\"_ _2db\"> </span></span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs803\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2e\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _2e\"> </span><span class=\"ls12 ws91\">6.0<span class=\"_ _40\"> </span>28.9<span class=\"_ _104\"> </span><span class=\"ls8a ws7d\">2<span class=\"_ _0\"></span>9.5<span class=\"_ _104\"> </span><span class=\"lsd ws16\">32.3<span class=\"_ _12f\"> </span><span class=\"ff4 ls37 ws35\">9<span class=\"_ _0\"></span>8.6<span class=\"_ _2db\"> </span></span></span></span></span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs804\">Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y at 2<span class=\"_ _1\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs805\">A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s due t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ings<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs806\">3<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls157 ws14b gs807\">13<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>.6<span class=\"_ _5f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ff4 ls3b ws39\">13<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs808\">T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s<span class=\"_ _11d\"> </span><span class=\"ls14 ws10\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _33\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _33\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span></span></span></span><span class=\"ls1\">\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _1ac\"> </span>\u2013<span class=\"_ _104\"> </span><span class=\"ff4 lsc7 wsc0\">2<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs809\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _2a4\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _16a\"> </span><span class=\"lsd ws16\">2.2<span class=\"_ _16a\"> </span><span class=\"ls12 ws91\">6.<span class=\"_ _0\"></span>6<span class=\"_ _40\"> </span>2<span class=\"_ _0\"></span>6.2<span class=\"_ _104\"> </span>25.9<span class=\"_ _104\"> </span>39.<span class=\"_ _0\"></span>2<span class=\"_ _d0\"> </span><span class=\"ff4 ls85 ws9b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls50 ws1 gs80a\">3 <span class=\"_ _8\"> </span>A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o sub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>diar<span class=\"_ _1\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>o fi<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. I<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st i<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e on t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>t 3% a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k of E<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>glan<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs80b\">Se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y \u2013 G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs80c\">T<span class=\"_ _0\"></span>he 10.7% debe<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 ar<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>ook v<span class=\"_ _0\"></span>alue o<span class=\"_ _0\"></span>f \u00a310.7 mi<span class=\"_ _6\"></span>llion (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a310.5 million). Th<span class=\"_ _0\"></span>e 6.<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>5% deb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs80d\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8 ar<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d by a f<span class=\"_ _0\"></span>loa<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs80e\">Co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s \u2013 G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs80f\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y are s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>o a num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>heir b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>cilities w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h, if c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>ould r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in it<span class=\"_ _0\"></span>s loa<span class=\"_ _0\"></span>ns b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>g </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls3b wsb0 gs810\">imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>yable. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs811\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d a new f<span class=\"_ _0\"></span>acilit<span class=\"_ _1\"></span>y of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 mill<span class=\"_ _6\"></span>ion, spli<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>een a R<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>F of \u00a311<span class=\"_ _2\"></span>0 million and a t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m loa<span class=\"_ _0\"></span>n of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0 million, for a t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ure o<span class=\"_ _0\"></span>f fou<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s to M<span class=\"_ _0\"></span>ay 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs812\">Und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>w agr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e is a co<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t suit<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>onsis<span class=\"_ _0\"></span>t of n<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t to adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed E<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A (lev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age) and a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA t<span class=\"_ _0\"></span>o net f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Se<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs813\">fur<span class=\"_ _1\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails in no<span class=\"_ _0\"></span>te 21.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs814\">d) <span class=\"_ _b\"> </span>F<span class=\"_ _0\"></span>air Valu<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws138 gs815\">Bo<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e<span class=\"_ _32\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws92 gs816\">Fair </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws92 gs817\">value </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws138 gs818\">Lev<span class=\"_ _0\"></span>el<span class=\"_ _2a5\"></span><span class=\"ff4 ls1a ws115\">Group<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs819\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs81a\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs81b\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs81c\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs81d\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 wsbd gs81e\"> \u00a3m <span class=\"_ _0\"></span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs81f\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs820\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls91 ws7b gs821\">Fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs822\">Interest<span class=\"_ _6\"></span> rate co<span class=\"_ _6\"></span>l<span class=\"_ _6\"></span>la<span class=\"_ _6\"></span>r<span class=\"_ _90\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _88\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _5f\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _1\"></span>.1<span class=\"_ _36\"> </span></span>\u2013<span class=\"_ _e6\"> </span>3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs823\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs824\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _103\"> </span><span class=\"ff4 ls39 ws37\">(7<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _44\"> </span></span><span class=\"ls12 ws91\">(8<span class=\"_ _0\"></span>0.7)<span class=\"_ _3c\"> </span><span class=\"ff4 ls39 ws37\">(7<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8)<span class=\"_ _44\"> </span></span>(8<span class=\"_ _0\"></span>0.7)<span class=\"_ _1ab\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs825\">Fixed rate borrowi<span class=\"_ _6\"></span>ngs<span class=\"_ _2a6\"> </span><span class=\"ff4 ls5c ws4a\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _44\"> </span></span><span class=\"ls3d ws3b\">(25.<span class=\"_ _0\"></span>9)<span class=\"_ _40\"> </span><span class=\"ff4 ls31 ws31\">(2<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>2)<span class=\"_ _96\"> </span></span><span class=\"ls94 ws44\">(<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.0)<span class=\"_ _186\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs826\">Floatin<span class=\"_ _6\"></span>g rate borrowi<span class=\"_ _6\"></span>ngs<span class=\"_ _72\"> </span><span class=\"ff4 ls4e ws6e\">(119.<span class=\"_ _1\"></span>3) <span class=\"_ _34\"> </span></span><span class=\"ls12 ws91\">(<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>0.0)<span class=\"_ _113\"> </span><span class=\"ff4 ls4e ws6e\">(119.<span class=\"_ _1\"></span>3)<span class=\"_ _7a\"> </span></span>(1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>0.0)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs827\">Preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _101\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _dd\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _1a3\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _186\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs828\">Interest<span class=\"_ _6\"></span> rate swaps<span class=\"_ _2a7\"> </span><span class=\"ff4 ls1 ws1\">\u2013<span class=\"_ _b1\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ff4 ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span>(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2a8\"> </span><span class=\"ls1 ws1\">2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs829\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y fig<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e as fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e exc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws138 gs82a\">Bo<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e<span class=\"_ _32\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws92 gs82b\">Fair<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls96 ws92 gs82c\">value </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws138 gs82d\">Lev<span class=\"_ _0\"></span>el<span class=\"_ _2a5\"></span><span class=\"ff4 ls2e ws114\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs82e\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs82f\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs830\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs831\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs832\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs833\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs834\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs835\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls94 wsad gs836\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws2f gs837\">L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _103\"> </span><span class=\"ff4 ls39 ws37\">(7<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _44\"> </span></span><span class=\"ls4e ws6e\">(7<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>3)<span class=\"_ _3c\"> </span><span class=\"ff4 ls39 ws37\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3)<span class=\"_ _44\"> </span></span>(8<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>3)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs839\">Le<span class=\"_ _0\"></span>vel 1 f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e quo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s or liabilit<span class=\"_ _0\"></span>ies t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>tit<span class=\"_ _1\"></span>y can a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls1 ws91 gs83a\">measur<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>a. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs83b\">Le<span class=\"_ _0\"></span>vel 2 f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e all inpu<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h ha<span class=\"_ _0\"></span>ve a signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>air value ar<span class=\"_ _0\"></span>e ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>able, ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs83c\">or indir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly, but ar<span class=\"_ _0\"></span>e not d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y fr<span class=\"_ _0\"></span>om q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>he Grou<span class=\"_ _0\"></span>p bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns on in<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs83d\">wh<span class=\"_ _0\"></span>o us<span class=\"_ _0\"></span>e a var<span class=\"_ _0\"></span>iet<span class=\"_ _1\"></span>y of es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions, e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g at e<span class=\"_ _0\"></span>ach B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs83e\">Le<span class=\"_ _0\"></span>vel 3 f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s for w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h all inpu<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve a sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>air value a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>able. D<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fair </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs83f\">value<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m quo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es in a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs840\">flo<span class=\"_ _0\"></span>ws a<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ailing inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s. In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>nge f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om 1.5% to 10.<span class=\"_ _6\"></span>7%. T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs841\">market i<span class=\"_ _6\"></span>nterest rates.<span class=\"_ _6\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs842\">Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of c<span class=\"_ _0\"></span>ash a<span class=\"_ _0\"></span>nd sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m dep<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s, and t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs843\">th<span class=\"_ _0\"></span>eir car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s lar<span class=\"_ _0\"></span>gel<span class=\"_ _0\"></span>y due t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-te<span class=\"_ _0\"></span>rm m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs844\">T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e we<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n lev<span class=\"_ _0\"></span>els in th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy a<span class=\"_ _0\"></span>s at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 a<span class=\"_ _0\"></span>nd 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs845\">26. <span class=\"_ _b\"> </span>S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>nd Re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ves<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs846\">a) <span class=\"_ _b\"> </span>Sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e Ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs847\">Au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly p<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>d<span class=\"ls1\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs848\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r in i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2f ws16 gs849\">\u2018<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>\u2019 ordinar<span class=\"_ _1\"></span>y </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs84a\">sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws1d gs84b\">40<span class=\"_ _0\"></span>p each Number</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws25 gs84c\"> 000s</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs84d\"> \u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 ws1b gs84e\">of<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs84f\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p ea<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs850\">Number </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs851\">000s<span class=\"_ _6\"></span> </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2f ws16 gs852\">\u2018B\u2019 or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs853\">sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws1d gs854\">4p each Number </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs855\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls141 ws132 gs856\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs857\">Number<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs858\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs859\">At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2a9\"> </span><span class=\"ff3b ls163 ws162\">41,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span><span class=\"ls157 ws14b\">13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6 <span class=\"_ _20e\"> </span><span class=\"ls7a ws79\">8<span class=\"_ _0\"></span>9,<span class=\"_ _6\"></span>052 <span class=\"_ _ec\"> </span><span class=\"ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 </span></span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs85a\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _28a\"> </span><span class=\"ff3b ls163 ws162\">41,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _20e\"> </span><span class=\"ls157 ws14b\">13<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _20e\"> </span><span class=\"ls7a ws79\">89,052 <span class=\"_ _ec\"> </span><span class=\"ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs85b\">Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>por<span class=\"_ _1\"></span>tio<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 0<span class=\"_ _0\"></span>1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2aa\"> </span><span class=\"ls37 ws35\">28.6<span class=\"_ _0\"></span>%<span class=\"_ _8f\"> </span><span class=\"lsc6 ws12\">9.<span class=\"_ _0\"></span>4%<span class=\"_ _43\"> </span><span class=\"ls148 ws136\">62.0%<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hc0 ff4 fs6 fc5 sc0 ls1a ws17 gs85c\">Monetar<span class=\"_ _0\"></span>y amount<span class=\"_ _1a7\"> </span><span class=\"ff3b ls22 ws15\">\u00a3m<span class=\"_ _b7\"> </span>\u00a3m<span class=\"_ _b7\"> </span>\u00a3m<span class=\"_ _b7\"> </span>\u00a3m<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs85d\">At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _292\"> </span><span class=\"ff3b ls158 ws14f\">16<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls33 ws30\">5.4<span class=\"_ _1ac\"> </span><span class=\"ls5c ws4a\">3.6<span class=\"_ _e8\"> </span></span>25.4<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs85e\">At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _227\"> </span><span class=\"ls80 wse4\">1<span class=\"_ _6\"></span>6.4<span class=\"_ _a6\"> </span>5.4<span class=\"_ _b1\"> </span><span class=\"ls37 ws35\">3.6<span class=\"_ _2e\"> </span></span>2<span class=\"_ _0\"></span>5.4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs85f\">Shar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s equit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al, co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ising 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p an<span class=\"_ _0\"></span>d 4<span class=\"_ _0\"></span>p or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs860\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s pre<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liabilities in a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS (se<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>3).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs861\">T<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs ar<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>aid a div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t of an<span class=\"_ _0\"></span>y sur<span class=\"_ _0\"></span>plus p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>o pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>te in s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>plus as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s on win<span class=\"_ _0\"></span>ding up in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs862\">nomin<span class=\"_ _0\"></span>al value o<span class=\"_ _0\"></span>f ea<span class=\"_ _0\"></span>ch clas<span class=\"_ _0\"></span>s of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e (\u2018B<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>h of t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ominal v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>\u2019 and \u2018C<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs863\">All eq<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>y share<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>ne vo<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e, sa<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s held in t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>eir vo<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he \u2018<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>\u2019 and \u2018C<span class=\"_ _0\"></span>\u2019 shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e a </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs864\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p nomin<span class=\"_ _0\"></span>al value a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he \u2018B<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve a 4<span class=\"_ _0\"></span>p no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue so t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t a \u2018B<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d will be p<span class=\"_ _0\"></span>aid at 10% of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 an<span class=\"_ _0\"></span>d \u2018C<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he \u2018A<span class=\"_ _2\"></span>\u2019 </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs865\">shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ock E<span class=\"_ _1\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he \u2018C<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y a r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t for t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>r to c<span class=\"_ _0\"></span>onv<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t the<span class=\"_ _0\"></span>m to \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en no<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he 3<span class=\"_ _0\"></span>0 da<span class=\"_ _0\"></span>y pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs866\">follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>alf ye<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>eliminar<span class=\"_ _1\"></span>y annou<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e \u2018B<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e no c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sion r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. In mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e value o<span class=\"_ _0\"></span>f a \u2018B<span class=\"_ _0\"></span>\u2019 </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs867\">shar<span class=\"_ _0\"></span>e is de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o be 10% of t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d \u2018<span class=\"_ _2\"></span>A\u2019 shar<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee hol<span class=\"_ _0\"></span>ding sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he LTI<span class=\"_ _0\"></span>P cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly w<span class=\"_ _0\"></span>aiv<span class=\"_ _0\"></span>es di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s for s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs868\">held dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod. Di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e not p<span class=\"_ _0\"></span>aid o<span class=\"_ _0\"></span>n shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s held in t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs869\">T<span class=\"_ _0\"></span>he A<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icle<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>isions r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s \u2018B\u2019 a<span class=\"_ _0\"></span>nd \u2018C<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho w<span class=\"_ _0\"></span>ish t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>eir sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>y only d<span class=\"_ _0\"></span>o so i<span class=\"_ _0\"></span>f </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs86a\">th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er is to a<span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r \u2018B<span class=\"_ _0\"></span>\u2019 or \u2018C<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _6\"></span>, or if t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer is t<span class=\"_ _0\"></span>o ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain of t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s famil<span class=\"_ _0\"></span>y mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s or t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eir exe<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>r adminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>, whe<span class=\"_ _0\"></span>re </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs86b\">shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are h<span class=\"_ _0\"></span>eld by t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>w tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s, or t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s of an<span class=\"_ _0\"></span>y emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme, o<span class=\"_ _0\"></span>r if t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny is un<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>o iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>older o<span class=\"_ _0\"></span>f </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs86c\">th<span class=\"_ _0\"></span>at clas<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill<span class=\"_ _6\"></span>ing to p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>o any p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n.<span class=\"_ _2db\"> </span></div>b) <span class=\"_ _b\"> </span>Ow<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s held b<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hip tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (\u201cES<span class=\"_ _0\"></span>OT<span class=\"_ _6\"></span>s\u201d) to<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s holding of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. Sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e ES<span class=\"_ _0\"></span>OTs in order t<span class=\"_ _0\"></span>o s<span class=\"_ _0\"></span>atis<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>y pot<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tial aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng T<span class=\"_ _6\"></span>erm I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve P<span class=\"_ _0\"></span>lan (\u201cLTIP<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) and S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme (\u201cS<span class=\"_ _0\"></span>IP<span class=\"_ _0\"></span>\u201d)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, int<span class=\"_ _0\"></span>er alia, to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _1\"></span>y opt<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s shar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he LTIP E<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>T ha<span class=\"_ _0\"></span>s wai<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s to di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds on t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s it hol<span class=\"_ _0\"></span>ds. T<span class=\"_ _6\"></span>re<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e vo<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>usp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>. All ow<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>eld, as b<span class=\"_ _0\"></span>elow, are ex<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs an<span class=\"_ _0\"></span>d net a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>er shar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. T<span class=\"_ _6\"></span>reasur<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s<span class=\"_ _76\"> </span><span class=\"ls22 ws1f\">LTIP ESOT<span class=\"_ _170\"> </span>SIP ESOT<span class=\"_ _259\"> </span><span class=\"ls141 ws132\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1c\"> </span>Tot<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </span></span>Number<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span>000s<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2a8\"> </span><span class=\"ff3b ls163 ws162\">1,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>74<span class=\"_ _114\"> </span><span class=\"ls7c wsb0\">4,5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _34\"> </span><span class=\"ls7f wsc5\">326<span class=\"_ _33\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _2e\"> </span>5<span class=\"_ _114\"> </span></span></span></span>1,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _10e\"> </span><span class=\"ls7c wsb0\">4,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _2e\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _10e\"> </span></span></span></span><span class=\"ls97 wscf\">6<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _256\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _da\"> </span><span class=\"lse2 wsdd\">(230<span class=\"_ _6\"></span>)<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _16a\"> </span>\u2013<span class=\"_ _16a\"> </span>\u2013<span class=\"_ _3c\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11)<span class=\"_ _f7\"> </span></span></span>(230<span class=\"_ _6\"></span>)<span class=\"_ _91\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _aa\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>1)<span class=\"_ _2db\"> </span></span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1ab\"> </span><span class=\"ff3b ls7f wsc5\">1<span class=\"_ _2\"></span>,263<span class=\"_ _10e\"> </span>4,328<span class=\"_ _d0\"> </span>326<span class=\"_ _33\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _2e\"> </span>5<span class=\"_ _114\"> </span></span>1<span class=\"_ _2\"></span>,268<span class=\"_ _a1\"> </span><span class=\"ls7c wsb0\">4,6<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _2e\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _d6\"> </span><span class=\"ff4 ls37 ws35\">5,9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span></span></span></span>Share P<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d<span class=\"_ _20f\"> </span><span class=\"lsb5 ws141\"> 1<span class=\"_ _2\"></span>,000<span class=\"_ _6\"></span> <span class=\"_ _104\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _a0\"> </span></span> 1<span class=\"_ _c\"></span>,000 <span class=\"_ _40\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _100\"> </span><span class=\"ff4 lse3 ws160\"> 1<span class=\"_ _6\"></span>,000<span class=\"_ _2\"></span> </span></span></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _256\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _e1\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _108\"> </span></span>(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _43\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _113\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1)<span class=\"_ _0\"></span> </span></span></span> At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _126\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>2 <span class=\"_ _56\"> </span> 4,<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8 <span class=\"_ _89\"> </span> 3<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 <span class=\"_ _c9\"> </span> 6 <span class=\"_ _c9\"> </span> 5 <span class=\"_ _56\"> </span> 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7 <span class=\"_ _56\"> </span> 4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>4 <span class=\"_ _c9\"> </span> 6 <span class=\"_ _dc\"> </span><span class=\"ls3f ws3d\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>17<span class=\"_ _2db\"> </span></span></span>Monetar<span class=\"_ _0\"></span>y amount<span class=\"_ _2ab\"> </span><span class=\"ff3b ls22 ws15\">\u00a3m<span class=\"_ _3c\"> </span>\u00a3m<span class=\"_ _c9\"> </span>\u00a3m<span class=\"_ _c9\"> </span>\u00a3m<span class=\"_ _c9\"> </span>\u00a3m<span class=\"_ _c1\"> </span><span class=\"ls1 wsbd\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _43\"> </span> \u00a3m <span class=\"_ _190\"> </span> \u00a3m <span class=\"_ _190\"> </span></span><span class=\"ws1f\"> \u00a3m<span class=\"_ _2db\"> </span></span></span>At 2<span class=\"_ _1\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2ac\"> </span><span class=\"ff3b ls159 ws147\">11.<span class=\"_ _1\"></span>9<span class=\"_ _c1\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _108\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _12f\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _40\"> </span>0<span class=\"_ _0\"></span>.1<span class=\"_ _20e\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _85\"> </span></span></span>4.9<span class=\"_ _12f\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _20e\"> </span></span></span></span></span><span class=\"lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>0<span class=\"_ _2db\"> </span></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _2ad\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls4e ws6e\">(0.3)<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _33\"> </span>\u2013<span class=\"_ _16a\"> </span>\u2013<span class=\"_ _7a\"> </span></span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _d2\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3)<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _211\"> </span><span class=\"ff4 ls8a ws7d\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _126\"> </span><span class=\"ff3b ls159 ws147\">11.<span class=\"_ _1\"></span>8<span class=\"_ _85\"> </span><span class=\"lsa0 ws7a\">4.3<span class=\"_ _108\"> </span><span class=\"ls12 ws91\">0.<span class=\"_ _0\"></span>3<span class=\"_ _c1\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _40\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d0\"> </span></span></span></span>11.<span class=\"_ _1\"></span>9<span class=\"_ _c1\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _12f\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _18f\"> </span></span></span></span><span class=\"ls3d ws3b\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span>Share P<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d<span class=\"_ _2f\"> </span> 4.8 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _18f\"> </span> 4.8 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _d1\"> </span><span class=\"ff4\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 </span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _2ad\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _e1\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _34\"> </span></span>(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _e1\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _18f\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1) </span></span></span> At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _147\"> </span><span class=\"ls3d ws4a\"> 16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _d1\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _1\"></span>.3 <span class=\"_ _aa\"> </span> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _d2\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _1\"></span>.1 <span class=\"_ _d2\"> </span> 0<span class=\"_ _1\"></span>.1 <span class=\"_ _114\"> </span></span></span> 16<span class=\"_ _0\"></span>.6 <span class=\"_ _18f\"> </span><span class=\"ls1 ws91\"> 4.<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _1\"></span>.1 <span class=\"_ _114\"> </span><span class=\"ls39 ws6e\"> 2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> </span></span></span></span>Mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t v<span class=\"_ _0\"></span>alue a<span class=\"_ _0\"></span>t <span class=\"ls1\"> </span>1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _154\"> </span><span class=\"ls3d ws3b\">10.<span class=\"_ _0\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsc5 wsbf\">2.0<span class=\"_ _190\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _44\"> </span><span class=\"ff3b ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _8a\"> </span></span></span>10.<span class=\"_ _0\"></span>5<span class=\"_ _7a\"> </span><span class=\"ls148 ws136\">2.2<span class=\"_ _44\"> </span><span class=\"ff3b ls1 ws91\"> \u2013 <span class=\"_ _8a\"> </span></span><span class=\"ls3b ws39\">12<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span>c)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Ot<span class=\"_ _0\"></span>her Capit<span class=\"_ _0\"></span>al Reser<span class=\"_ _0\"></span>ves<span class=\"_ _2db\"> </span>Share premium ac<span class=\"_ _6\"></span>count<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>mium ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue on t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s equit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span>Capi<span class=\"_ _0\"></span>tal redempt<span class=\"_ _0\"></span>ion reser<span class=\"_ _1\"></span>ve<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e aris<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ck of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s own e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span>Hedging reser<span class=\"_ _0\"></span>ve<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g re<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ships in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Merger reser<span class=\"_ _1\"></span>ve<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he hi<span class=\"_ _0\"></span>ve up o<span class=\"_ _0\"></span>f B<span class=\"_ _0\"></span>el &amp; T<span class=\"_ _0\"></span>he Dr<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>on.<span class=\"_ _2db\"> </span>27<span class=\"_ _c\"></span>. <span class=\"_ _49\"> </span>Sha<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he ke<span class=\"_ _0\"></span>y poin<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of e<span class=\"_ _0\"></span>ach o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s share s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r gra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s up t<span class=\"_ _0\"></span>o 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 ar<span class=\"_ _0\"></span>e sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d bel<span class=\"_ _0\"></span>ow. All sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled. A<span class=\"_ _0\"></span>ll disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es to b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h Gro<span class=\"_ _0\"></span>up an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>. Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and LTI<span class=\"_ _0\"></span>P sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es, \u201c<span class=\"_ _6\"></span>Adjus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S\u201d w<span class=\"_ _0\"></span>ill nor<span class=\"_ _0\"></span>mally b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ear<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re exclu<span class=\"_ _0\"></span>ding se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ly dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms as p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. H<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er<span class=\"_ _6\"></span>, th<span class=\"_ _0\"></span>e Rem<span class=\"_ _0\"></span>une<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mmit<span class=\"_ _1\"></span>tee is au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d to m<span class=\"_ _0\"></span>ake a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o A<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d EP<span class=\"_ _0\"></span>S a<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>lied to t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Sa<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>gs R<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e (\u201cS<span class=\"_ _0\"></span>AYE<span class=\"_ _0\"></span>\u201d)<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>his sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>ver s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t a disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% on t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>ys im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f of<span class=\"_ _1\"></span>fer<span class=\"_ _6\"></span>. Em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s mus<span class=\"_ _0\"></span>t sa<span class=\"_ _0\"></span>ve a r<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ular amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t ea<span class=\"_ _0\"></span>ch mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>h. S<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ings a<span class=\"_ _0\"></span>re m<span class=\"_ _0\"></span>ade o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r thr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e or fi<span class=\"_ _0\"></span>ve y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ars, a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>\u2019s choice. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o bu<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ice las<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or si<span class=\"_ _0\"></span>x mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hs af<span class=\"_ _1\"></span>ter t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>nd of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ving<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e are n<span class=\"_ _0\"></span>o pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions, o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>E<span class=\"_ _0\"></span>xecutive Share Option Scheme T<span class=\"_ _0\"></span>his is an app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e Sha<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme. F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s up t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>8 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t if g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in A<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d EP<span class=\"_ _0\"></span>S e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th in RP<span class=\"_ _0\"></span>I b<span class=\"_ _0\"></span>y 9% or m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e, ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. F<span class=\"_ _0\"></span>or gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1 op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ve<span class=\"_ _0\"></span>st i<span class=\"_ _0\"></span>f a se<span class=\"_ _0\"></span>t E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA ta<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>et is a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ade d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 on<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t if a s<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x Adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed E<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t is ac<span class=\"_ _0\"></span>hiev<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s mus<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>hen b<span class=\"_ _0\"></span>e exe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin s<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s af<span class=\"_ _1\"></span>ter t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>nd of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls15f ws163 gs887\">LT<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>P<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs888\">T<span class=\"_ _0\"></span>his plan gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ional s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds. U<span class=\"_ _0\"></span>p unt<span class=\"_ _0\"></span>il the LTI<span class=\"_ _0\"></span>P gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>8 Mar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g is co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al on gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th in A<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d EP<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs889\">exc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ding gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in RP<span class=\"_ _0\"></span>I b<span class=\"_ _0\"></span>y 9% o<span class=\"_ _0\"></span>r mor<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r initial p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d, wi<span class=\"_ _0\"></span>th v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing le<span class=\"_ _0\"></span>vels on a sliding s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ale fr<span class=\"_ _0\"></span>om 4<span class=\"_ _1\"></span>0% up to 10<span class=\"_ _0\"></span>0%, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs88a\">if gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th in A<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d EP<span class=\"_ _0\"></span>S e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th in R<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I by 24% or mor<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs88b\">Fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he LTI<span class=\"_ _0\"></span>P gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21 v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g is co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al upo<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed E<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ts, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g lev<span class=\"_ _0\"></span>els on a sliding s<span class=\"_ _0\"></span>cale f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs88c\">25% up t<span class=\"_ _0\"></span>o 100<span class=\"_ _0\"></span>% dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>vel o<span class=\"_ _0\"></span>f E<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S achie<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fir<span class=\"_ _0\"></span>m of a<span class=\"_ _0\"></span>dv<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>rs v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g lev<span class=\"_ _0\"></span>el ea<span class=\"_ _0\"></span>ch y<span class=\"_ _0\"></span>ear. Th<span class=\"_ _0\"></span>e initial v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d is thr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs88d\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s and, f<span class=\"_ _0\"></span>or E<span class=\"_ _1\"></span>xecu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s, is follow<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by a t<span class=\"_ _1\"></span>wo ye<span class=\"_ _0\"></span>ar hol<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. Af<span class=\"_ _1\"></span>ter t<span class=\"_ _0\"></span>his tim<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s may b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he pl<span class=\"_ _0\"></span>an pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, as lo<span class=\"_ _0\"></span>ng as<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsd ws9 gs88e\">vesting conditi<span class=\"_ _6\"></span>ons are<span class=\"_ _6\"></span> met.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs88f\">A one<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _1\"></span>f Rec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>y L<span class=\"_ _6\"></span>TI<span class=\"_ _0\"></span>P wa<span class=\"_ _0\"></span>s gra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. Ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing is c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nal up<span class=\"_ _0\"></span>on Gr<span class=\"_ _0\"></span>oup E<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A (excludin<span class=\"_ _0\"></span>g IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 16) targ<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs890\">lev<span class=\"_ _0\"></span>els on a sliding s<span class=\"_ _0\"></span>cale f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om 2<span class=\"_ _0\"></span>5% up to 10<span class=\"_ _0\"></span>0% de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e lev<span class=\"_ _0\"></span>el of E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A achie<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod is t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd is follo<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d by a t<span class=\"_ _1\"></span>wo ye<span class=\"_ _0\"></span>ar </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs891\">holding p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>his tim<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>y be p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>lan p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s, as lo<span class=\"_ _0\"></span>ng as v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e met<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsd ws16 gs892\">SIP<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs893\">T<span class=\"_ _0\"></span>his plan aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>n e<span class=\"_ _0\"></span>qual nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d to e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h eligible emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ximu<span class=\"_ _0\"></span>m value o<span class=\"_ _0\"></span>f sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s allowa<span class=\"_ _0\"></span>ble un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme is </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs894\">\u00a3<span class=\"_ _0\"></span>3,0<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0 per ye<span class=\"_ _0\"></span>ar, per pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h at le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hs\u2019 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice a<span class=\"_ _0\"></span>s at 15 May ea<span class=\"_ _0\"></span>ch y<span class=\"_ _0\"></span>ear. Th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis of t<span class=\"_ _0\"></span>he aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>as cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>018 awar<span class=\"_ _0\"></span>d so </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs895\">th<span class=\"_ _0\"></span>at all eligible empl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is no r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s (alt<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ugh t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re m<span class=\"_ _0\"></span>ay b<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>f </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs896\">sold w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin fi<span class=\"_ _0\"></span>ve y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d). </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs897\">Share-<span class=\"_ _0\"></span>based payment expense recognised in the y<span class=\"_ _6\"></span>ear<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs898\">T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s end<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 is \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4 mill<span class=\"_ _6\"></span>ion cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs899\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.8 million exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se). T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e wh<span class=\"_ _0\"></span>ole of t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e aris<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls39 ws3b gs89a\">Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs89b\">T<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>as \u00a34.6<span class=\"_ _0\"></span>5 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0).<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs89c\">Mo<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls88 ws1 gs89d\">T<span class=\"_ _0\"></span>he follo<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g ta<span class=\"_ _0\"></span>bles illus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r and w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s (\u201c<span class=\"_ _0\"></span>WAE<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>\u201d) o<span class=\"_ _0\"></span>f, and mov<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in, e<span class=\"_ _0\"></span>ach c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>y of sh<span class=\"_ _0\"></span>are in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>. </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsd6 wsf4 gs89e\">Vola<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs89f\">T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed v<span class=\"_ _0\"></span>olat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he his<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>oric<span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>olat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed lif<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls3c ws164 gs8a0\">a)<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>AY<span class=\"_ _1\"></span>E<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs8a1\">2023<span class=\"_ _6\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 wsbd gs8a2\"> Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls13a ws12c gs8a3\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs8a4\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls164 ws165 gs8a5\">WA<span class=\"_ _0\"></span>EP<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs8a6\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs8a7\">Number </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs8a8\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs8a9\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls113 ws109 gs8aa\">WA<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>P </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8ab\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ginning o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _14c\"> </span><span class=\"ff4 ls4d ws7d\"> 4<span class=\"_ _0\"></span>74 <span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>0 <span class=\"_ _dd\"> </span></span></span><span class=\"ls37 ws35\">4<span class=\"_ _0\"></span>60<span class=\"_ _44\"> </span><span class=\"ls125 ws13a\">\u00a34<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsa0 ws7a gs8ac\">Granted<span class=\"_ _216\"> </span><span class=\"ff4 ls3b wsb0\"> 131 <span class=\"_ _c1\"> </span><span class=\"ls1 ws1\">\u00a34<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>29 <span class=\"_ _9a\"> </span></span></span><span class=\"ls157 ws14b\">13<span class=\"_ _1\"></span>0<span class=\"_ _96\"> </span><span class=\"ls33 ws30\">\u00a35.4<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls91 wsad gs8ad\">Lap<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _2ae\"> </span><span class=\"ff4 ls4e ws6e\">(13<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>) <span class=\"_ _113\"> </span><span class=\"ls1 ws1\">\u00a34<span class=\"_ _1\"></span>.78 <span class=\"_ _2e\"> </span></span></span><span class=\"ls158 ws14f\">(10<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _c1\"> </span><span class=\"ls33 ws30\">\u00a35.4<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws7d gs8ae\">E<span class=\"_ _0\"></span>xercised<span class=\"_ _2ae\"> </span><span class=\"ff4 ls1 ws1\">(<span class=\"_ _0\"></span>5) <span class=\"_ _34\"> </span>\u00a34<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>35 <span class=\"_ _1ac\"> </span></span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _104\"> </span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>6<span class=\"_ _59\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs8af\">Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _18e\"> </span><span class=\"ls1 ws91\"> 47<span class=\"_ _0\"></span>0 <span class=\"_ _c1\"> </span><span class=\"ws1\">\u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _1a3\"> </span><span class=\"ff3b lse7 wse2\">4<span class=\"_ _0\"></span>74<span class=\"_ _175\"> </span><span class=\"ls125 ws13a\">\u00a34<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b0\">E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _2af\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _9a\"> </span><span class=\"ls7c wsb0\">n<span class=\"_ _0\"></span>/a<span class=\"_ _88\"> </span></span></span><span class=\"ls1\">4<span class=\"_ _e4\"> </span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b1\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ex<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _10d\"> </span><span class=\"ff4 ls1\">\u00a34.7<span class=\"_ _0\"></span>9 <span class=\"_ _2b0\"> </span></span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _59\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b2\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual life r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>aining fo<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g at t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b3\">ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d<span class=\"_ _2b1\"> </span><span class=\"ff4\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2b2\"> </span></span><span class=\"ls125 ws3d\">2.7<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b4\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _2b3\"> </span><span class=\"ff4 ls85 ws9b\">\u00a3<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _2a1\"> </span></span><span class=\"ls12 ws91\">\u00a3<span class=\"_ _0\"></span>6.4<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b5\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge f<span class=\"_ _0\"></span>air value of o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _115\"> </span><span class=\"ff4 ls39 ws37\">\u00a3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>8 <span class=\"_ _e0\"> </span></span><span class=\"ls125 ws13a\">\u00a3<span class=\"_ _0\"></span>0.7<span class=\"_ _1\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b6\">Ran<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b7\">\u2013 fr<span class=\"_ _0\"></span>om<span class=\"_ _ba\"> </span><span class=\"ff4 ls85 ws9b\">\u00a3<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _e0\"> </span></span><span class=\"ls5e ws5b\">\u00a34.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8b8\">\u2013 to<span class=\"_ _19d\"> </span><span class=\"ff4 ls85 ws9b\">\u00a3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _2b0\"> </span></span><span class=\"ls15a ws14c\">\u00a3<span class=\"_ _59\"></span>8<span class=\"_ _1\"></span>.12<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8ba\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span>Y<span class=\"_ _0\"></span>E sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e are a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls17 ws15 gs8bb\">Exercisable at</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs8bc\"> E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce 4<span class=\"_ _1\"></span>0p </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls142 ws58 gs8bd\">shares</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 wsbd gs8be\"> \u00a3</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs8bf\"> Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r o<span class=\"_ _0\"></span>f \u2018A\u2019 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs8c0\">ordinar<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs8c1\">under option </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs8c2\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls13a ws166 gs8c3\"> 000s</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws1d gs8c4\"> Number of \u2018<span class=\"_ _2\"></span>A\u2019<span class=\"_ _6\"></span> </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2e ws2a gs8c5\">ordinary shares under </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 ws1b gs8c6\">option </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs8c7\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs8c8\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8c9\">Sept<span class=\"_ _0\"></span>ember 20<span class=\"_ _0\"></span>21<span class=\"_ _27a\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _2a8\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _2b4\"> </span><span class=\"ff3b\"> 4 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8ca\">Sept<span class=\"_ _0\"></span>ember 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _27a\"> </span><span class=\"ls15a ws14c\">8<span class=\"_ _1\"></span>.12<span class=\"_ _2a8\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _2b4\"> </span><span class=\"ff3b\"> 2 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8cb\">Sept<span class=\"_ _0\"></span>ember 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _27a\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _0\"></span>7<span class=\"_ _59\"></span>0<span class=\"_ _2a8\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _2b4\"> </span><span class=\"ff3b\"> 2 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8cc\">November 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _7d\"> </span><span class=\"lsa0 ws7a\">4.35<span class=\"_ _e8\"> </span><span class=\"ff4 ls13 ws39\"> 14<span class=\"_ _0\"></span>9 <span class=\"_ _33\"> </span></span><span class=\"ls157 ws145\"> 18<span class=\"_ _1\"></span>7 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8cd\">Decemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24<span class=\"_ _188\"> </span><span class=\"ls33\">5.43<span class=\"_ _1ac\"> </span><span class=\"ff4 ls1 ws91\"> 51 <span class=\"_ _168\"> </span><span class=\"ff3b\"> 76 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8ce\">November 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>5<span class=\"_ _7d\"> </span><span class=\"lsa0 ws7a\">4.35<span class=\"_ _9a\"> </span><span class=\"ff4 ls14e ws5b\"> 112<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span><span class=\"ls85 ws3f\"> 14<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls31 ws2d gs8cf\">Decembe<span class=\"_ _6\"></span>r 2025<span class=\"_ _139\"> </span><span class=\"ls15a ws14c\">4<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>9<span class=\"_ _5f\"> </span><span class=\"ff4 ls1 ws91\"> 9<span class=\"_ _1\"></span>9 <span class=\"_ _18a\"> </span><span class=\"ff3b ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8d0\">Decemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>26<span class=\"_ _188\"> </span><span class=\"ls33\">5.43<span class=\"_ _1ac\"> </span><span class=\"ff4 ls1 ws91\"> 27 <span class=\"_ _e7\"> </span><span class=\"ff3b\"> 5<span class=\"_ _0\"></span>4 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws30 gs8d1\">Decemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>27<span class=\"_ _2b5\"> </span><span class=\"ls15a ws14c\">4<span class=\"_ _1\"></span>.19<span class=\"_ _208\"> </span><span class=\"ff4 ls1 ws91\"> 3<span class=\"_ _0\"></span>2 <span class=\"_ _186\"> </span><span class=\"ff3b ws1\">\u2013</span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs8d2\"> 47<span class=\"_ _0\"></span>0 <span class=\"_ _33\"> </span><span class=\"ff3b lse7 ws3c\"> 4<span class=\"_ _1\"></span>74 </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs8d3\">b) <span class=\"_ _b\"> </span>Sha<span class=\"_ _0\"></span>re O<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs8d4\">Execu<span class=\"_ _0\"></span>tive Share Option<span class=\"_ _6\"></span> Scheme<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs8d5\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs8d6\">Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls13a ws12c gs8d7\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs8d8\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls164 ws165 gs8d9\">WA<span class=\"_ _0\"></span>EP<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs8da\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs8db\">Number </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs8dc\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs8dd\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls113 ws87 gs8de\"> WA<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>P<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8df\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ginning o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _f4\"> </span><span class=\"ff4 ls94 wsad\"> 18<span class=\"_ _1\"></span>4 <span class=\"_ _34\"> </span><span class=\"lsc7 wsc0\">\u00a3<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _17b\"> </span></span></span><span class=\"ls59 ws56\">2<span class=\"_ _0\"></span>12<span class=\"_ _12f\"> </span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _3\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _59\"></span>6<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsa0 ws7a gs8e0\">Granted<span class=\"_ _261\"> </span><span class=\"ff4 ls1 ws91\"> 41 <span class=\"_ _d0\"> </span><span class=\"ws1\">\u00a3<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2 <span class=\"_ _b9\"> </span><span class=\"ff3b\">\u2013<span class=\"_ _3e\"> </span>\u2013<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls91 wsad gs8e1\">Lap<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _17a\"> </span><span class=\"ff4 ls1 ws1\">(3<span class=\"_ _0\"></span>5) <span class=\"_ _a4\"> </span><span class=\"lsc5 wsbf\">\u00a3<span class=\"_ _0\"></span>10.24 <span class=\"_ _dd\"> </span></span></span><span class=\"ls3d ws3b\">(28)<span class=\"_ _34\"> </span><span class=\"ls12 ws91\">\u00a39.0<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls8a ws7d gs8e2\">E<span class=\"_ _0\"></span>xercised<span class=\"_ _2b6\"> </span><span class=\"ff4 ls1 ws1\">(5) <span class=\"_ _d1\"> </span>\u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>8 <span class=\"_ _b9\"> </span><span class=\"ff3b\">\u2013<span class=\"_ _3e\"> </span>\u2013<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs8e3\">Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _23f\"> </span><span class=\"ls94 wsad\"> 18<span class=\"_ _0\"></span>5 <span class=\"_ _34\"> </span><span class=\"lsc7 wsc0\">\u00a3<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _41\"> </span><span class=\"ff3b ls157 ws14b\">18<span class=\"_ _1\"></span>4<span class=\"_ _12f\"> </span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _59\"></span>7.<span class=\"_ _59\"></span>2<span class=\"_ _59\"></span>3<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8e4\">E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _1b7\"> </span><span class=\"ff4 ls3b wsb0\"> 12 <span class=\"_ _d0\"> </span><span class=\"lsc5 wsbf\">\u00a3<span class=\"_ _0\"></span>9.0<span class=\"_ _0\"></span>3 <span class=\"_ _93\"> </span></span></span><span class=\"ls31 ws31\">25<span class=\"_ _40\"> </span><span class=\"ls15a ws14c\">\u00a3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.17<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8e5\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ex<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _18\"> </span><span class=\"ff4 lsc5 wsbf\">\u00a36.0<span class=\"_ _0\"></span>2<span class=\"_ _2a3\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8e6\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual life r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>aining fo<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re op<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g at t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear e<span class=\"_ _0\"></span>nd<span class=\"_ _a2\"> </span><span class=\"ff4 lsc7 ws14b\">7.<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>s<span class=\"_ _2b7\"> </span></span><span class=\"ls86 ws1d\">8.84 years<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8e7\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar<span class=\"_ _11b\"> </span><span class=\"ff4 ls1\">\u00a3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>0 <span class=\"_ _136\"> </span></span><span class=\"lsca wsc2\">n/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8e8\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge f<span class=\"_ _0\"></span>air value of o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _18\"> </span><span class=\"ff4 ls39 ws37\">\u00a3<span class=\"_ _1\"></span>1.6<span class=\"_ _1\"></span>5 <span class=\"_ _136\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8e9\">Ran<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8ea\">\u2013 fr<span class=\"_ _0\"></span>om<span class=\"_ _280\"> </span><span class=\"ff4 ls1\">\u00a3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 <span class=\"_ _2b8\"> </span></span><span class=\"ls12 ws91\">\u00a36.9<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8eb\">\u2013 to<span class=\"_ _2b9\"> </span><span class=\"ff4 ls3d ws3b\">\u00a3<span class=\"_ _0\"></span>10.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>0 <span class=\"_ _25b\"> </span></span><span class=\"ls12 ws91\">\u00a310.90<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls32 ws1 gs8ec\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>f bein<span class=\"_ _0\"></span>g exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>een t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>en ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m da<span class=\"_ _0\"></span>te of is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>heir ex<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cise p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le belo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls136 ws10a gs8ed\">Executive Approved Scheme<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls17 ws15 gs8ee\">Exercisable in/<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ween</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs8ef\"> E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce 4<span class=\"_ _1\"></span>0p </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls142 ws58 gs8f0\">shares</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 wsbd gs8f1\"> \u00a3<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls5 ws1 gs8f2\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r o<span class=\"_ _0\"></span>f </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls5 ws113 gs8f3\">\u2018A\u2019 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1b ws17 gs8f4\">under option </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls29 ws25 gs8f5\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs8f6\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws1d gs8f7\">Number of </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs8f8\">\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 lsd5 wsf8 gs8f9\">under option<span class=\"_ _6\"></span> </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs8fa\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs8fb\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8fc\">20<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>5 and 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2ba\"> </span><span class=\"ls156 ws148\"> 7.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _59\"></span> <span class=\"_ _26\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span></span></span><span class=\"ls1\">5 </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8fd\">20<span class=\"_ _0\"></span>16 and 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2bb\"> </span><span class=\"ls15a ws2c\"> 9<span class=\"_ _1\"></span>.10<span class=\"_ _1\"></span> <span class=\"_ _94\"> </span></span><span class=\"ff4 ls1\">7 <span class=\"_ _e3\"> </span><span class=\"ff3b\">9 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8fe\">20<span class=\"_ _0\"></span>17 and 20<span class=\"_ _0\"></span>24<span class=\"_ _172\"> </span><span class=\"ls1 ws91\"> 9.65 <span class=\"_ _e3\"> </span><span class=\"ff4 ws1\">5 <span class=\"_ _94\"> </span><span class=\"ff3b\">5 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs8ff\">20<span class=\"_ _0\"></span>18 and 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _203\"> </span><span class=\"ls12 wsf\"> 1<span class=\"_ _6\"></span>0.90 <span class=\"_ _be\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _94\"> </span><span class=\"ff3b ws1\">5 </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7f ws82 gs900\">2021<span class=\"_ _6\"></span> a<span class=\"_ _6\"></span>nd<span class=\"_ _6\"></span> 2028<span class=\"_ _2bc\"> </span><span class=\"ls1 ws91\"> 9.4<span class=\"_ _0\"></span>6 <span class=\"_ _be\"> </span><span class=\"ff4\"> \u2013 <span class=\"_ _94\"> </span></span><span class=\"ws1\">1 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs901\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 a<span class=\"_ _0\"></span>nd 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _2bd\"> </span><span class=\"ls1 ws91\"> 9.61 <span class=\"_ _be\"> </span><span class=\"ff4\"> \u2013 <span class=\"_ _26\"> </span></span> \u2013 </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs902\">20<span class=\"_ _0\"></span>24 an<span class=\"_ _0\"></span>d 20<span class=\"_ _1\"></span>31<span class=\"_ _2bd\"> </span><span class=\"ls12 wsf\"> 6.9<span class=\"_ _0\"></span>2 <span class=\"_ _21d\"> </span><span class=\"ff4 ls3b ws39\">13<span class=\"_ _0\"></span>7 <span class=\"_ _41\"> </span></span><span class=\"ls3c ws3a\">15<span class=\"_ _1\"></span>9 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls7f ws82 gs903\">2025 a<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>d 2032<span class=\"_ _2bc\"> </span><span class=\"ls12 wsf\"> 6.00 <span class=\"_ _2e\"> </span><span class=\"ff4 ls1 ws91\"> 3<span class=\"_ _0\"></span>6 <span class=\"_ _be\"> </span><span class=\"ff3b\"> \u2013 </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls94 ws44 gs904\">18<span class=\"_ _0\"></span>5<span class=\"_ _dd\"> </span><span class=\"ff3b ls157 ws14b\">18<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 wsc6 gs906\">c) L<span class=\"_ _6\"></span>T<span class=\"_ _0\"></span>IP <span class=\"_ _24d\"></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs907\">Shares<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs908\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs909\">\u2018A\u2019 sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es N<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls13a ws12c gs90a\">000s<span class=\"_ _2\"></span> <span class=\"_ _1\"></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs90b\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs90c\">\u2018B<span class=\"_ _0\"></span>\u2019 s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls13a ws12c gs90d\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs90e\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws1d gs90f\">\u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 shares Number </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs910\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs911\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws1d gs912\">\u2018B\u2019 shares Number</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws25 gs913\"> 000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs914\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ginning o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _6d\"> </span><span class=\"ff4 ls1 ws91\"> 7<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>2 <span class=\"_ _97\"> </span><span class=\"ls3f ws87\"> 1,<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _dd\"> </span></span></span><span class=\"ls140 ws131\">404<span class=\"_ _44\"> </span><span class=\"ls163 ws162\">1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsa0 ws7a gs915\">Granted<span class=\"_ _6\"></span> <span class=\"_ _2be\"> </span><span class=\"ff4 ls1 ws91\"> 24<span class=\"_ _1\"></span>8 <span class=\"_ _41\"> </span> 6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 <span class=\"_ _e8\"> </span></span><span class=\"ls80 wse4\">533<span class=\"_ _96\"> </span><span class=\"ls163 ws162\">1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls91 wsad gs916\">Lap<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _2bf\"> </span><span class=\"ff4 ls4e ws6e\">(10<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>) <span class=\"_ _c9\"> </span><span class=\"ls85 ws9b\">(<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>1) <span class=\"_ _175\"> </span></span></span><span class=\"ls3c ws3a\">(15<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _16a\"> </span><span class=\"ls3d ws3b\">(3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs917\">Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _f9\"> </span><span class=\"ls1 ws91\"> 9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6 <span class=\"_ _97\"> </span><span class=\"ls3b wsb0\"> 2<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>13 <span class=\"_ _e8\"> </span><span class=\"ff3b ls2c ws9\">782<span class=\"_ _44\"> </span><span class=\"ls163 ws162\">1,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs918\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2c0\"> </span><span class=\"ff4 ls7c wsb0\">n<span class=\"_ _0\"></span>/a<span class=\"_ _168\"> </span>n<span class=\"_ _0\"></span>/a<span class=\"_ _be\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _a6\"> </span>n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs919\">Fo<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he weig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual life<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs91a\">re<span class=\"_ _0\"></span>maining is<span class=\"_ _288\"> </span><span class=\"ff4 ls39 ws6e\">1.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>2 ye<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>s<span class=\"_ _10b\"> </span>1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>2 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>s<span class=\"_ _a0\"> </span></span><span class=\"ls15a ws2c\">2<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span> y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _ea\"> </span>2<span class=\"_ _1\"></span>.12<span class=\"_ _1\"></span> y<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _59\"></span>s<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs91b\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2c1\"> </span><span class=\"ff4 ls1\">\u00a3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 <span class=\"_ _c1\"> </span>\u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3 <span class=\"_ _104\"> </span></span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _59\"></span>7.<span class=\"_ _59\"></span>4<span class=\"_ _59\"></span>0<span class=\"_ _21d\"> </span><span class=\"lse7 wse2\">\u00a3<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>.74<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs91c\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge f<span class=\"_ _0\"></span>air value of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2c2\"> </span><span class=\"ff4 ls1\">\u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 <span class=\"_ _85\"> </span>\u00a3<span class=\"_ _1\"></span>0.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>6 <span class=\"_ _91\"> </span></span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _59\"></span>7.1<span class=\"_ _1\"></span>6<span class=\"_ _175\"> </span><span class=\"ls125 ws13a\">\u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs91d\">All LTIP<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve a v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ice o<span class=\"_ _0\"></span>f \u00a3nil. LTIP sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es do n<span class=\"_ _0\"></span>ot r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>il ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 lsd ws167 gs91e\">d)<span class=\"_ _6\"></span> SIP<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs91f\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls17 ws13 gs920\">Number</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls13a ws166 gs921\"> 000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs922\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls20 ws117 gs923\">Number </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls162 ws161 gs924\">000s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs925\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ginning o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2c3\"> </span><span class=\"ff4 ls1 ws91\"> 7<span class=\"_ _0\"></span>3 <span class=\"_ _93\"> </span></span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls3b ws39 gs926\">Relea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc7 ff3b fs7 fc5 sc0 ls1 ws1 gs927\">1<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws1 gs928\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>) <span class=\"_ _e8\"> </span><span class=\"ff3b ls3d ws3b\">(3<span class=\"_ _0\"></span>9)<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs929\">Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _285\"> </span><span class=\"ls1 ws91\"> 41 <span class=\"_ _1ac\"> </span><span class=\"ff3b ls2c ws9\">73<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs92a\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2c4\"> </span><span class=\"ff4 ls85 ws9b\">\u00a3<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _96\"> </span></span><span class=\"ls156 ws144\">\u00a3<span class=\"_ _1\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs92b\">Fo<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he weig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual life r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>aining is<span class=\"_ _11c\"> </span><span class=\"ff4\">0<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>7 y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>s<span class=\"_ _125\"> </span></span><span class=\"ls31 ws2d\">1<span class=\"_ _6\"></span>.32 yea<span class=\"_ _6\"></span>rs<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs92c\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _2c5\"> </span><span class=\"ff4 ls7c wsb0\">n<span class=\"_ _0\"></span>/a<span class=\"_ _be\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs92d\">Weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge f<span class=\"_ _0\"></span>air value of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _2c6\"> </span><span class=\"ff4 ls7c wsb0\">n<span class=\"_ _0\"></span>/a<span class=\"_ _be\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h9c ff3b fs8 fc5 sc0 ls40 ws1 gs92e\">1 <span class=\"_ _8\"> </span>Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs92f\">Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding SI<span class=\"_ _0\"></span>P sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s alloca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d held b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he SI<span class=\"_ _0\"></span>P T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>half o<span class=\"_ _0\"></span>f emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich r<span class=\"_ _0\"></span>emain in t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t for b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e and f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs930\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ll SIP<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e a ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>nil. SIP sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds o<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e alloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs931\">e) <span class=\"_ _b\"> </span>Fa<span class=\"_ _0\"></span>ir Value o<span class=\"_ _0\"></span>f G<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs932\">i. <span class=\"_ _a\"> </span>E<span class=\"_ _0\"></span>qui<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ions a<span class=\"_ _0\"></span>nd LT<span class=\"_ _0\"></span>IP<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs933\">T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed as a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>to ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ms an<span class=\"_ _0\"></span>d con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs934\">wer<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>able lis<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el use<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 Ap<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 an<span class=\"_ _0\"></span>d 52 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, exc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs935\">exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>eigh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice f<span class=\"_ _0\"></span>or gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>, whic<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s a) to d) ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls17 ws15 gs936\">L<span class=\"_ _6\"></span>TIP scheme<span class=\"_ _2c7\"> </span><span class=\"ls160 ws15f\">S<span class=\"_ _0\"></span>AY<span class=\"_ _1\"></span>E<span class=\"_ _2c8\"> </span><span class=\"lsd5 wsf8\">Execu<span class=\"_ _0\"></span>tive Share Option<span class=\"_ _6\"></span> Scheme<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hc0 ff4 fs6 fc5 sc0 ls1e ws1b gs937\">Fair value input<span class=\"_ _0\"></span>s<span class=\"_ _2c9\"> </span><span class=\"ls139 ws12b\">2023<span class=\"_ _1a3\"> </span><span class=\"ff3b ls14a ws14e\">2022<span class=\"_ _9a\"> </span></span>2023<span class=\"_ _1a3\"> </span><span class=\"ff3b ls14a ws14e\">2022<span class=\"_ _1a3\"> </span></span>2023<span class=\"_ _1a3\"> </span><span class=\"ff3b ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs938\">Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d yield (%)<span class=\"_ _c5\"> </span><span class=\"ff4 ls39 ws37\">1.9<span class=\"_ _1\"></span>%<span class=\"_ _33\"> </span></span><span class=\"ls15a ws14c\">1.1<span class=\"_ _0\"></span>%<span class=\"_ _175\"> </span><span class=\"ff4 ls143 ws133\">2.2%<span class=\"_ _21d\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>%<span class=\"_ _21d\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>%<span class=\"_ _be\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs939\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce v<span class=\"_ _0\"></span>olat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y (%)<span class=\"_ _136\"> </span><span class=\"ff4 ls7c wsb0\">n/a<span class=\"_ _a6\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _53\"> </span><span class=\"ff4 ls39 ws37\">4<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>%<span class=\"_ _1\"></span>\u2013<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _114\"> </span></span><span class=\"lsd ws16\">2.3<span class=\"_ _0\"></span>\u20132.7%<span class=\"_ _d0\"> </span><span class=\"ff4 ls85 ws9b\">4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1%<span class=\"_ _a6\"> </span></span></span>n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs93a\">Ri<span class=\"_ _6\"></span>sk<span class=\"_ _6\"></span>-free<span class=\"_ _6\"></span> i<span class=\"_ _6\"></span>nterest rate<span class=\"_ _6\"></span> (<span class=\"_ _6\"></span>%<span class=\"_ _6\"></span>)<span class=\"_ _148\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>%<span class=\"_ _21d\"> </span></span><span class=\"ls4e ws6e\">0.5%<span class=\"_ _2e\"> </span><span class=\"ff4 lse4 wsdf\">3.3<span class=\"_ _0\"></span>%<span class=\"_ _40\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1%<span class=\"_ _0\"></span>)<span class=\"_ _c9\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>%<span class=\"_ _a6\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs93b\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d life o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n/a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d (y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs)<span class=\"_ _25a\"> </span><span class=\"ff4\">3 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _34\"> </span></span>3 year<span class=\"_ _0\"></span>s<span class=\"_ _19a\"> </span><span class=\"ff4\">3 to 5 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _8c\"> </span></span>3 t<span class=\"_ _0\"></span>o 5 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _d1\"> </span><span class=\"ff4\">4 year<span class=\"_ _0\"></span>s<span class=\"_ _a6\"> </span></span><span class=\"lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls16 ws12 gs93c\">Model<span class=\"_ _6\"></span> used<span class=\"_ _1e\"> </span><span class=\"ff4 ls19 ws79\">Black<span class=\"_ _6\"></span> Sch<span class=\"_ _6\"></span>oles<span class=\"_ _51\"> </span><span class=\"ff3b ls3b wsb0\">Black Sc<span class=\"_ _0\"></span>holes<span class=\"_ _15d\"> </span></span>Bla<span class=\"_ _6\"></span>ck Sc<span class=\"_ _6\"></span>hol<span class=\"_ _6\"></span>es<span class=\"_ _51\"> </span><span class=\"ff3b ls3b wsb0\">Black S<span class=\"_ _0\"></span>chole<span class=\"_ _0\"></span>s<span class=\"_ _15d\"> </span></span>Bl<span class=\"_ _6\"></span>ack<span class=\"_ _6\"></span> Scho<span class=\"_ _6\"></span>les<span class=\"_ _26\"> </span><span class=\"ff3b lsca wsc2\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs93d\">ii<span class=\"_ _0\"></span>. <span class=\"_ _b\"> </span>S<span class=\"_ _0\"></span>IP f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs93e\">T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he SI<span class=\"_ _0\"></span>P is t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e of allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al valu<span class=\"_ _0\"></span>e of SI<span class=\"_ _0\"></span>Ps a<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed is a f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs93f\">Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ding fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial ye<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>. T<span class=\"_ _0\"></span>he num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d is th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ice a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d. </div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs941\">28. Gu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsb ws1 gs942\">Ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p is t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>or<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs943\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ns r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>o so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s. L<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y inclu<span class=\"_ _0\"></span>ded w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs944\">mus<span class=\"_ _0\"></span>t also p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p. A<span class=\"_ _0\"></span>ddit<span class=\"_ _0\"></span>ionally, the<span class=\"_ _0\"></span>re ar<span class=\"_ _0\"></span>e a sm<span class=\"_ _0\"></span>aller numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f agr<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re is n<span class=\"_ _0\"></span>o </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs945\">re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>e to p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs946\">Inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>t to t<span class=\"_ _0\"></span>hird p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ties on le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>aining te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ms of b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n one a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>if<span class=\"_ _1\"></span>teen y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs947\">At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e minimum r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>als re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le are a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs948\">Investment p<span class=\"_ _6\"></span>roperties<span class=\"_ _e3\"> </span><span class=\"ls18 ws1\">Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, plan<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws115 gs949\">Group<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs94a\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs94b\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs94c\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs94d\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs94e\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs94f\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs950\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs951\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs952\">Wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>ear<span class=\"_ _219\"> </span><span class=\"ff4 ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.3<span class=\"_ _1ac\"> </span></span><span class=\"ws1\">5<span class=\"_ _0\"></span>.7<span class=\"_ _5f\"> </span></span></span><span class=\"ls125 ws13a\">5<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs953\">One t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>o ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _bc\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.2<span class=\"_ _1ac\"> </span></span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _5f\"> </span></span><span class=\"ff3b ls12\">2.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs954\">T<span class=\"_ _6\"></span>wo t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _1f8\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.<span class=\"_ _0\"></span>2<span class=\"_ _1ac\"> </span></span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>3<span class=\"_ _208\"> </span></span></span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs955\">T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e to f<span class=\"_ _0\"></span>our y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _1f8\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _e7\"> </span></span><span class=\"ls12 ws91\">0.2<span class=\"_ _b1\"> </span><span class=\"ff4 lsc5 wsbf\">0.4<span class=\"_ _1ac\"> </span></span>0.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs956\">Fo<span class=\"_ _0\"></span>ur to f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _bc\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _b9\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs957\">Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2ca\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">0.6<span class=\"_ _b1\"> </span></span><span class=\"lsc5 wsbf\">0.5<span class=\"_ _1ac\"> </span></span><span class=\"ff3b ls12\">0.6</span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls39 ws6e gs958\"> 1.<span class=\"_ _0\"></span>4 <span class=\"_ _26\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _5f\"> </span></span><span class=\"lsc5 wsbf\">9.5<span class=\"_ _9a\"> </span><span class=\"ff3b ls158 ws14f\">10.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs959\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs95a\">Wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>ear<span class=\"_ _219\"> </span><span class=\"ff4 ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.3<span class=\"_ _1ac\"> </span></span><span class=\"ws1\">5<span class=\"_ _0\"></span>.7<span class=\"_ _5f\"> </span></span></span><span class=\"ls125 ws13a\">5<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs95b\">One t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>o ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _bc\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.2<span class=\"_ _1ac\"> </span></span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _5f\"> </span></span><span class=\"ff3b ls12\">2.0<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs95c\">T<span class=\"_ _6\"></span>wo t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _1f8\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ff3b ls12\">0.<span class=\"_ _0\"></span>2<span class=\"_ _1ac\"> </span></span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>3<span class=\"_ _208\"> </span></span></span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs95d\">T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e to f<span class=\"_ _0\"></span>our y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _1f8\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _e7\"> </span></span><span class=\"ls12 ws91\">0.2<span class=\"_ _b1\"> </span><span class=\"ff4 lsc5 wsbf\">0.4<span class=\"_ _1ac\"> </span></span>0.6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs95e\">Fo<span class=\"_ _0\"></span>ur to f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _bc\"> </span><span class=\"ff4 ls85 ws3f\"> 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _b9\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs95f\">Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2ca\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _168\"> </span><span class=\"ff3b ls12\">0.6<span class=\"_ _b1\"> </span></span><span class=\"lsc5 wsbf\">0.5<span class=\"_ _1ac\"> </span></span><span class=\"ff3b ls12\">0.6</span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls39 ws6e gs960\"> 1.<span class=\"_ _0\"></span>4 <span class=\"_ _26\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _5f\"> </span></span><span class=\"lsc5 wsbf\">9.5<span class=\"_ _9a\"> </span><span class=\"ff3b ls158 ws14f\">10.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls32 ws1 gs961\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s com<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>cial le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s on p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y are pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>ally f<span class=\"_ _0\"></span>or lice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ms o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e nor<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>y for ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee, fo<span class=\"_ _0\"></span>ur or f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls32 ws1 gs962\">ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s allow f<span class=\"_ _0\"></span>or an<span class=\"_ _0\"></span>nual inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>ull ren<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s oc<span class=\"_ _0\"></span>cur o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>new<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs963\">At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e minimum r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>als re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>llable suble<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>gure<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e we<span class=\"_ _0\"></span>re \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>.2 million (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>0 mill<span class=\"_ _6\"></span>ion). </div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls32 ws1 gs964\">b) <span class=\"_ _b\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs965\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 ws1 gs966\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs967\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs968\">2022<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs969\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs96a\">Ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ommi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts \u2013 a<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed, c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ut n<span class=\"_ _0\"></span>ot p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or<span class=\"_ _27d\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>0<span class=\"_ _1ac\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hc ff9 fs4 fc4 sc0 lsb ws1 gs96b\">29<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>Rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y T<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _2db\"> </span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls8a ws31 gs96c\">Group and Company<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs96d\">Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d var<span class=\"_ _0\"></span>ious a<span class=\"_ _0\"></span>dminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Fuller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n Plan f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee of c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>. In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n, </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs96e\">th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tot<span class=\"_ _0\"></span>alling \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0) r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision of a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial, co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>nd ad<span class=\"_ _0\"></span>minist<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>y thir<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies t<span class=\"_ _0\"></span>o </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs96f\">th<span class=\"_ _0\"></span>e Fuller, Smith &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n Plan<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs970\">Com<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ation of key managem<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>nel (including Direct<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s)<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs971\">5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs972\"> 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs973\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs974\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs975\">52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs976\">26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws139 gs977\"> 2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs978\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls86 ws1d gs979\">Short-term em<span class=\"_ _6\"></span>ployee<span class=\"_ _6\"></span> benefits<span class=\"_ _187\"> </span><span class=\"ff4 ls85 ws9b\">4<span class=\"_ _1\"></span>.1<span class=\"_ _b9\"> </span></span><span class=\"ls15a ws14c\">3<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs97a\">T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tion b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _88\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls12 wsf gs97b\">Post-employm<span class=\"_ _0\"></span>ent benefit<span class=\"_ _0\"></span>s<span class=\"_ _1e3\"> </span><span class=\"ff4 lsc5 wsbf\">0.3<span class=\"_ _1ac\"> </span></span><span class=\"ws91\">0.3<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lse4 wsdf gs97c\">4.5<span class=\"_ _b1\"> </span><span class=\"ff3b ls5c ws4a\">3.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls7b ws88 gs97e\">Company Only<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs97f\">Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d par<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs980\">5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 0<span class=\"_ _0\"></span>1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls165 ws14e gs981\">Sales<span class=\"_ _2\"></span> to related</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1 wsbd gs982\"> par<span class=\"_ _1\"></span>tie<span class=\"_ _0\"></span>s </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs983\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 lsce ws135 gs984\">Purchases<span class=\"_ _6\"></span> from </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs985\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs986\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs987\">In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>ue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs988\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs989\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs98a\">In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>o </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs98b\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs98c\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs98d\">Amoun<span class=\"_ _0\"></span>ts due to </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs98e\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties <span class=\"_ _0\"></span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs98f\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1a ws17 gs990\">Amoun<span class=\"_ _0\"></span>ts due from </div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls1e ws1b gs991\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs992\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs993\">Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _2cc\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _21d\"> </span><span class=\"lse4 wsdf\">6<span class=\"_ _0\"></span>4.9<span class=\"_ _b1\"> </span><span class=\"ls80 wse4\">6.4<span class=\"_ _1ab\"> </span></span></span> \u2013 <span class=\"_ _43\"> </span><span class=\"ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1)<span class=\"_ _94\"> </span></span> \u2013 </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls18 ws1 gs994\">5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws18 gs995\">Sales to rela<span class=\"_ _0\"></span>ted </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls2f ws2b gs996\">par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs997\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1a ws17 gs998\">Purchases from </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws18 gs999\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs99a\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs99b\">In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws18 gs99c\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs99d\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs99e\">In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws18 gs99f\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs9a0\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs9a1\">A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws18 gs9a2\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs9a3\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs9a4\">A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls24 ws18 gs9a5\">relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs9a6\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws6e gs9a7\">Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _272\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _170\"> </span><span class=\"ls15a ws14c\">6<span class=\"_ _1\"></span>1.1<span class=\"_ _e6\"> </span></span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls125 ws13a\">3<span class=\"_ _0\"></span>.7<span class=\"_ _91\"> </span><span class=\"ls12 ws91\">(1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6.7)<span class=\"_ _3e\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9a8\">Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t is p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y of th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>t 3% ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ank o<span class=\"_ _0\"></span>f En<span class=\"_ _0\"></span>gland b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>ll amoun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding ar<span class=\"_ _0\"></span>e uns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9a9\">rep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le on de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9aa\">T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y also in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3 million).<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9ab\">Sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s of p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blishe<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>an E<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic A<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a ar<span class=\"_ _0\"></span>e exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>n audit i<span class=\"_ _0\"></span>f a gua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee is p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9ac\">sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y liabil<span class=\"_ _6\"></span>itie<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e in una<span class=\"_ _0\"></span>nimous a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up w<span class=\"_ _0\"></span>ill be exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om an au<span class=\"_ _0\"></span>dit in 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9ad\">per<span class=\"_ _0\"></span>iod e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 4<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>A of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, all of w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re f<span class=\"_ _0\"></span>ully co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs9ae\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _1a4\"> </span><span class=\"lsd5 wsf8\">C<span class=\"_ _0\"></span>ompany Number<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9af\">Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>in C<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _2cd\"> </span><span class=\"ls3c ws3a\">0<span class=\"_ _0\"></span>15<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9b0\">Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2ce\"> </span><span class=\"ls147 ws135\">02934979<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9b1\">Geo<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e Gale an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2c6\"> </span><span class=\"lsb5 wsaf\">00026330<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9b2\">4<span class=\"_ _0\"></span>5 Woo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>field L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _22b\"> </span><span class=\"ls5c ws4a\">0<span class=\"_ _0\"></span>427<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9b3\">Gra<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>al T<span class=\"_ _6\"></span>radin<span class=\"_ _0\"></span>g Limi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed <span class=\"_ _226\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>717<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9b4\">B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns I L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _bf\"> </span><span class=\"ls80 wse4\">07292333<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9b5\">B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns II L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _28a\"> </span><span class=\"ls80 wse4\">08029280<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9b6\">B &amp; D (Co<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ham) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1ed\"> </span><span class=\"ls7f wsc5\">07320065<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9b7\">B &amp; D (Odiha<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _12e\"> </span><span class=\"lse7 wse2\">0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>74<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9b8\">B &amp; D (Re<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _284\"> </span><span class=\"lse2 wsdd\">07309587<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9b9\">B &amp; D (<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>in) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _1fa\"> </span><span class=\"ls7f wsc5\">073202<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9ba\">B &amp; D (F<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>m) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _2cf\"> </span><span class=\"lsea ws81\">08392963<span class=\"_ _2\"></span> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9bb\">B &amp; D (Kin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>cler<span class=\"_ _0\"></span>e) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _74\"> </span><span class=\"ls147 ws135\">08975762<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9bc\">RS<span class=\"_ _0\"></span>H 20<span class=\"_ _1\"></span>0 Limit<span class=\"_ _0\"></span>ed<span class=\"_ _181\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9bd\">Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1d2\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>917<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9be\">T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill be exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g of ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>use u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>A o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9bf\">Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, all of w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are f<span class=\"_ _0\"></span>ully c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2e ws114 gs9c0\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _1a4\"> </span><span class=\"lsd5 wsf8\">C<span class=\"_ _0\"></span>ompany Number<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls5c wsd0 gs9c1\">Grif<span class=\"_ _0\"></span>fin Inns Ltd.<span class=\"_ _269\"> </span><span class=\"lsb5 wsaf\">00495934<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9c2\">Ring<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _205\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs9c3\">F<span class=\"_ _2\"></span>.S<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>T<span class=\"_ _6\"></span>. T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _2d0\"> </span><span class=\"lsea ws81\">03<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>63480<span class=\"_ _2db\"> </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs9c4\">Fuller Smi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2c5\"> </span><span class=\"lse7 wse2\">018<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>16<span class=\"_ _1\"></span>74</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-349": {
   "value": "1. <span class=\"_ _b\"> </span>A<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l Sta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd Ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng Po<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Aut<span class=\"_ _0\"></span>horisa<span class=\"_ _0\"></span>tion of Financi<span class=\"_ _6\"></span>al Stat<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s T<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies (t<span class=\"_ _0\"></span>he \u201cGr<span class=\"_ _0\"></span>oup\u201d<span class=\"_ _0\"></span>) for t<span class=\"_ _0\"></span>he 5<span class=\"_ _1\"></span>3 week<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>re au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r iss<span class=\"_ _0\"></span>ue b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s on 14 June 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>as sig<span class=\"_ _0\"></span>ned o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s be<span class=\"_ _0\"></span>half b<span class=\"_ _0\"></span>y M J T<span class=\"_ _6\"></span>urne<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. Fuller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. is a pub<span class=\"_ _0\"></span>lic limite<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>omiciled in E<span class=\"_ _0\"></span>ngla<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d Wales<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s ordin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y \u2018<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>\u2019 shar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck E<span class=\"_ _1\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Significant Accounting Polic<span class=\"_ _6\"></span>ies<span class=\"_ _2db\"> </span>Basis of preparation<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s and Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>een p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds in c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mit<span class=\"_ _1\"></span>y wit<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>nies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, an<span class=\"_ _0\"></span>d in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h UK ad<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s, and ap<span class=\"_ _0\"></span>plied t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ded 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>olicies ad<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up and b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny are s<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g po<span class=\"_ _0\"></span>licies bel<span class=\"_ _0\"></span>ow. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed in S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rling an<span class=\"_ _0\"></span>d all value<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n in millions of p<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ds (<span class=\"_ _0\"></span>\u00a3m) r<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t hun<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, exc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>As p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 4<span class=\"_ _1\"></span>08 o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s A<span class=\"_ _0\"></span>ct 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>, a sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>Going concern<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s busines<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, to<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s likel<span class=\"_ _0\"></span>y to af<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t, p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n are s<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>egic r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 1 to 6<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any, its c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>bt a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>cilities an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>cilities ar<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 147 to 1<span class=\"_ _6\"></span>5<span class=\"_ _0\"></span>9.<span class=\"_ _2db\"> </span>In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e are f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ails in th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial risk m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d policie<span class=\"_ _0\"></span>s in not<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>. At 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f 9<span class=\"_ _0\"></span>2% o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e bein<span class=\"_ _0\"></span>g f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>ailable he<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>om on f<span class=\"_ _0\"></span>acilitie<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>5 mill<span class=\"_ _6\"></span>ion an<span class=\"_ _0\"></span>d \u00a314.<span class=\"_ _2\"></span>1 million of c<span class=\"_ _0\"></span>ash an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>ting n<span class=\"_ _0\"></span>et de<span class=\"_ _0\"></span>bt o<span class=\"_ _0\"></span>f \u00a3132<span class=\"_ _0\"></span>.8 million. Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, the Gr<span class=\"_ _0\"></span>oup s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a ne<span class=\"_ _0\"></span>w fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>y of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 million, split b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n a RC<span class=\"_ _0\"></span>F of \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>10 mill<span class=\"_ _6\"></span>ion and a t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m lo<span class=\"_ _0\"></span>an of \u00a3<span class=\"_ _1\"></span>90 million, for a t<span class=\"_ _0\"></span>enur<span class=\"_ _0\"></span>e of f<span class=\"_ _0\"></span>our y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> to M<span class=\"_ _0\"></span>ay 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6. Un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ew a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he minimu<span class=\"_ _0\"></span>m liquidit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ant o<span class=\"_ _0\"></span>f \u00a310 mill<span class=\"_ _6\"></span>ion te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ained u<span class=\"_ _0\"></span>ntil No<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. F<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 (and t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d qua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>) th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t suit<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f ne<span class=\"_ _0\"></span>t deb<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o EB<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA (lev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age) an<span class=\"_ _0\"></span>d EB<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA to n<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>ee f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>r det<span class=\"_ _0\"></span>ails in No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>3.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as mo<span class=\"_ _0\"></span>delled f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s for t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oing c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>o 2<span class=\"_ _0\"></span>9 Jun<span class=\"_ _0\"></span>e 20<span class=\"_ _1\"></span>2<span class=\"_ _6\"></span>4, ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>o s<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios, t<span class=\"_ _0\"></span>he \u2018<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019 and th<span class=\"_ _0\"></span>e \u2018<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>side c<span class=\"_ _0\"></span>ase\u2019<span class=\"_ _6\"></span>. Th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24 bud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t as well as t<span class=\"_ _0\"></span>he Q1 F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5 plan w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h for<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee ye<span class=\"_ _0\"></span>ar plan. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s will con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er, in par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icular in C<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>al L<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>on. H<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er, the bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>mains c<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>tiou<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y env<span class=\"_ _0\"></span>iro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd also t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>umer a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e onl<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>s mo<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te le<span class=\"_ _0\"></span>vels o<span class=\"_ _0\"></span>f volum<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th as w<span class=\"_ _0\"></span>ell as co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e on m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it w<span class=\"_ _0\"></span>ill have s<span class=\"_ _0\"></span>uf<span class=\"_ _1\"></span>ficien<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinue t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le it<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>s as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>all due and o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>ell wit<span class=\"_ _0\"></span>hin it<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e going c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as also mo<span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span>d a \u2018<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>side c<span class=\"_ _0\"></span>ase\u2019 w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at s<span class=\"_ _0\"></span>ales v<span class=\"_ _0\"></span>olum<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>y 10% fro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he \u2018<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019 and co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s acr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>od, s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>f and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ue to r<span class=\"_ _0\"></span>ise. T<span class=\"_ _0\"></span>his m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el also as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ain st<span class=\"_ _0\"></span>rike<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e mor<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ed in F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3. In t<span class=\"_ _0\"></span>his \u2018<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>nside c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019<span class=\"_ _2\"></span>, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>ould imp<span class=\"_ _0\"></span>leme<span class=\"_ _0\"></span>nt mitig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions su<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ad co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y spen<span class=\"_ _0\"></span>d to e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tial m<span class=\"_ _0\"></span>ainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e. Und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>his sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ould s<span class=\"_ _0\"></span>till hav<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icien<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s to s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tle liabilities as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y fall du<span class=\"_ _0\"></span>e and h<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>om o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh t<span class=\"_ _0\"></span>he dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as also p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d a \u2018rev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e\u2019 w<span class=\"_ _0\"></span>hich sh<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p could w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d a 24% redu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion in v<span class=\"_ _0\"></span>olume<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he \u2018b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>se\u2019 t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e going c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d, as well as c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase a<span class=\"_ _0\"></span>t a similar or high<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>an t<span class=\"_ _0\"></span>he do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>nside s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio, be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t lev<span class=\"_ _0\"></span>els would b<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 31 Mar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider t<span class=\"_ _0\"></span>his sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e as o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s wa<span class=\"_ _0\"></span>s clos<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emic, it h<span class=\"_ _0\"></span>as ne<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>en vo<span class=\"_ _0\"></span>lume<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>cline at an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Und<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se an<span class=\"_ _0\"></span>d do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>nside s<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>elled, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ould h<span class=\"_ _0\"></span>ave s<span class=\"_ _0\"></span>uf<span class=\"_ _1\"></span>ficien<span class=\"_ _0\"></span>t he<span class=\"_ _0\"></span>adr<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>m on i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>acilitie<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he goin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ionally, under t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re ar<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as in it<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol to ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A or re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ce net d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t, s<span class=\"_ _0\"></span>uch a<span class=\"_ _0\"></span>s fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in c<span class=\"_ _0\"></span>ape<span class=\"_ _0\"></span>x sp<span class=\"_ _0\"></span>end t<span class=\"_ _0\"></span>o onl<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al maint<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>n no<span class=\"_ _0\"></span>t to p<span class=\"_ _0\"></span>ay di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>onu<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r mit<span class=\"_ _0\"></span>igat<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span> would als<span class=\"_ _0\"></span>o inclu<span class=\"_ _0\"></span>de disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als of lice<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d unlice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e also de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mined t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>, ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oing c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e of climat<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er du<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs ar<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is a re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>able ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as ade<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inue in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he goin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d to 2<span class=\"_ _0\"></span>9 Ju<span class=\"_ _0\"></span>ne 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24, and h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore a<span class=\"_ _0\"></span>dop<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oing c<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n basis in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Significant accounting judgements<span class=\"_ _0\"></span>, estim<span class=\"_ _0\"></span>ates and assump<span class=\"_ _0\"></span>tions<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mines w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will is imp<span class=\"_ _0\"></span>aired o<span class=\"_ _0\"></span>n an an<span class=\"_ _0\"></span>nual b<span class=\"_ _0\"></span>asis an<span class=\"_ _0\"></span>d this r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uires a<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g unit<span class=\"_ _0\"></span>s (\u201cCG<span class=\"_ _0\"></span>Us\u201d) to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will is alloca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his inv<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cho<span class=\"_ _0\"></span>osin<span class=\"_ _0\"></span>g a suit<span class=\"_ _0\"></span>able dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. Full de<span class=\"_ _0\"></span>tails ar<span class=\"_ _0\"></span>e sup<span class=\"_ _0\"></span>plied in no<span class=\"_ _0\"></span>te 13, to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e key a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of all pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t CG<span class=\"_ _0\"></span>U lev<span class=\"_ _0\"></span>el w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is any in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>his re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s an e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e in use an<span class=\"_ _0\"></span>d inv<span class=\"_ _0\"></span>olv<span class=\"_ _0\"></span>es e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>osing a s<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>able dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te. S<span class=\"_ _0\"></span>ee n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 13, which d<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed, t<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsion o<span class=\"_ _0\"></span>bliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, as w<span class=\"_ _0\"></span>ell as mor<span class=\"_ _1\"></span>talit<span class=\"_ _1\"></span>y rat<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n on ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a sui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d on ad<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s qualifie<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. The e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es us<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ided in n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>he ar<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent is u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at s<span class=\"_ _0\"></span>hould b<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o allow a be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding of t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up. T<span class=\"_ _0\"></span>he ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er an i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m is of a na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is no<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h nor<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>al tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s or of s<span class=\"_ _0\"></span>uf<span class=\"_ _1\"></span>ficien<span class=\"_ _0\"></span>t size or<span class=\"_ _0\"></span> inf<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y. See no<span class=\"_ _0\"></span>te 5 f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>ther d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liabilities in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k value o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> initial r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n app<span class=\"_ _0\"></span>lies, th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e on s<span class=\"_ _0\"></span>ale (w<span class=\"_ _0\"></span>hich is s<span class=\"_ _0\"></span>ubje<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>o ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x law<span class=\"_ _0\"></span>) and t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of in<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s again<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gains w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d again<span class=\"_ _0\"></span>st f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd gain<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Basis of consolidation<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies it c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rols (i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s) dra<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n up fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s end<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ded 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2). S<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>eir ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>n w<span class=\"_ _0\"></span>hich th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol, and co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue t<span class=\"_ _0\"></span>o be c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>solida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>til th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol ce<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es. C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rol c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>r to dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> of t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y whic<span class=\"_ _0\"></span>h signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y, so as to o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, and is a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t or in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip of vo<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tly e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ible po<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>; or by w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y of co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. All in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding u<span class=\"_ _0\"></span>nre<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>em, ar<span class=\"_ _0\"></span>e elimina<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>Business combinations and<span class=\"_ _6\"></span> goodwill<span class=\"_ _2db\"> </span>Busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 3 B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mbina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns usin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od. A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ove<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s inter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iable a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, liabilitie<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t liabilities is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will and is n<span class=\"_ _0\"></span>ot am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. T<span class=\"_ _6\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s identi<span class=\"_ _0\"></span>fiab<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, liabilitie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t liabilitie<span class=\"_ _0\"></span>s is gre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, a gain is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>ely in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. A<span class=\"_ _0\"></span>ny c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o be t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uirer w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue at t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n dat<span class=\"_ _0\"></span>e. C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is n<span class=\"_ _0\"></span>ot r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d and i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tleme<span class=\"_ _0\"></span>nt is ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>thin e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. Co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied as a<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>r liabilit<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is a fina<span class=\"_ _0\"></span>ncial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e of IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 9 F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>air value w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in f<span class=\"_ _0\"></span>air value r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 9. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>at is n<span class=\"_ _0\"></span>ot w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e of I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 is m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at f<span class=\"_ _0\"></span>air value a<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>ach r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ting da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in fair value r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will is st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alue b<span class=\"_ _0\"></span>eing r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, at le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t annu<span class=\"_ _0\"></span>ally and w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ver e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s or c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue ma<span class=\"_ _0\"></span>y be im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aired<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will made c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>t be reversed if<span class=\"_ _6\"></span> ci<span class=\"_ _6\"></span>rcumstances su<span class=\"_ _6\"></span>bsequently<span class=\"_ _6\"></span> chang<span class=\"_ _6\"></span>e. Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e of im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill is al<span class=\"_ _6\"></span>loc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s (or gro<span class=\"_ _0\"></span>up of C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s) monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU is les<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>han i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, includin<span class=\"_ _0\"></span>g go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill<span class=\"_ _6\"></span>, an imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill alloca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to a C<span class=\"_ _0\"></span>GU is t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>o ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU, or of a<span class=\"_ _0\"></span>n op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin it<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Proper<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, plant and equipment<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t or d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st le<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cumula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and an<span class=\"_ _0\"></span>y imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in value. D<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tion is c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line b<span class=\"_ _0\"></span>asis t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te do<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t to t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>sidu<span class=\"_ _0\"></span>al value o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d use<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul life of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>Fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>hold buildin<span class=\"_ _0\"></span>gs \u2013 Ho<span class=\"_ _0\"></span>tel a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d of<span class=\"_ _1\"></span>fice<span class=\"_ _0\"></span>s<span class=\"_ _1c1\"> </span>Up to 5<span class=\"_ _1\"></span>0 year<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>hold buildin<span class=\"_ _0\"></span>gs \u2013 Li<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ail pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y and unlice<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _33\"> </span>Fr<span class=\"_ _0\"></span>om 5<span class=\"_ _0\"></span>0 t<span class=\"_ _0\"></span>o 100 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Leasehold improvement<span class=\"_ _0\"></span>s<span class=\"_ _1c2\"> </span><span class=\"lsb ws1\">T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span></span>Roofs<span class=\"_ _1c3\"> </span><span class=\"lsb ws1\">Fr<span class=\"_ _0\"></span>om 10 to 5<span class=\"_ _0\"></span>0 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span>Plan<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, mac<span class=\"_ _0\"></span>hiner<span class=\"_ _1\"></span>y and v<span class=\"_ _0\"></span>ehicle<span class=\"_ _0\"></span>s, fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gs<span class=\"_ _19\"> </span>Fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s up t<span class=\"_ _0\"></span>o 25 y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs<span class=\"_ _2db\"> </span>As r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 16 Pro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, Plant an<span class=\"_ _0\"></span>d Eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul liv<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>sidu<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d ev<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>y year. Lan<span class=\"_ _0\"></span>d is no<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>em of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and a<span class=\"_ _0\"></span>ny signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t ini<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d is der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (i.e., at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cipie<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol) or wh<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om it<span class=\"_ _0\"></span>s u<span class=\"_ _0\"></span>se or dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal. A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y gain or lo<span class=\"_ _0\"></span>ss ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et (c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>he dif<span class=\"_ _1\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e net dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>) is includ<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et is de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed.<span class=\"_ _2db\"> </span>Govern<span class=\"_ _0\"></span>ment gran<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Gov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>til th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble as<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up w<span class=\"_ _0\"></span>ill compl<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m and t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s will be r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Gov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s on a s<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ic ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>ds in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es as e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d to c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>te. W<span class=\"_ _1\"></span>hen th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ant r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to an a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me in e<span class=\"_ _0\"></span>qual am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul life o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Coro<span class=\"_ _0\"></span>navirus Job Ret<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ion Scheme (\u201cCJR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>\u201d) In th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ior y<span class=\"_ _0\"></span>ear, HMRC r<span class=\"_ _0\"></span>eimb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d up to 8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f cer<span class=\"_ _1\"></span>tain em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho h<span class=\"_ _0\"></span>ad b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ske<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>p wo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>ing, b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t wh<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>eing ke<span class=\"_ _0\"></span>pt o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ll (\u201c<span class=\"_ _0\"></span>fur<span class=\"_ _0\"></span>lou<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>d\u201d<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e was d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>ned t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, s<span class=\"_ _0\"></span>o amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y rela<span class=\"_ _0\"></span>te. I<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>roll co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n n<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>f gr<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me.<span class=\"_ _2db\"> </span>Hive<span class=\"_ _0\"></span>-up transact<span class=\"_ _0\"></span>ion<span class=\"_ _2db\"> </span>W<span class=\"_ _0\"></span>hen a s<span class=\"_ _0\"></span>ubsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s busine<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s to it<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t imme<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n (hiv<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>up t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n) th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>he inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f a re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rn o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m of t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing n<span class=\"_ _0\"></span>et as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ny di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>aken t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e mer<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t proper<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ns pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are n<span class=\"_ _0\"></span>ot us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale of g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds or s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s bu<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e held f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion or r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e classi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>eir car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alues a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. D<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aigh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis to w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> dow<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>dual v<span class=\"_ _0\"></span>alue ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul life o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h fo<span class=\"_ _0\"></span>r inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties is be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n 5<span class=\"_ _0\"></span>0 an<span class=\"_ _0\"></span>d 100 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Int<span class=\"_ _0\"></span>angible asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d in a busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is th<span class=\"_ _0\"></span>eir fair valu<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Follo<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g initial r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion, int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>st l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s any a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>es, ex<span class=\"_ _0\"></span>cludin<span class=\"_ _0\"></span>g cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alised d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, are n<span class=\"_ _0\"></span>ot c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alised an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e is inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ful liv<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as ei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fini<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>r inde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te.<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>e live<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic lif<span class=\"_ _0\"></span>e and as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d for im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>et m<span class=\"_ _0\"></span>ay b<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r an in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a fini<span class=\"_ _0\"></span>te us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul life a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t at t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>nd of each repor<span class=\"_ _0\"></span>ting period.<span class=\"_ _2db\"> </span>Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>finit<span class=\"_ _0\"></span>e us<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ul live<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t amor<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d, bu<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nnually, eith<span class=\"_ _0\"></span>er indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ually or a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>GU lev<span class=\"_ _0\"></span>el. T<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of ind<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>e life is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>nually t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e inde<span class=\"_ _0\"></span>fini<span class=\"_ _0\"></span>te lif<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. If n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in use<span class=\"_ _0\"></span>ful lif<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>finit<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span> finit<span class=\"_ _0\"></span>e is ma<span class=\"_ _0\"></span>de on a p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>sis.<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t is der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al (i.e., at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cipie<span class=\"_ _0\"></span>nt ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol) or w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n no f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m it<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span> or disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al. A<span class=\"_ _0\"></span>ny gain o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g up<span class=\"_ _0\"></span>on de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t (calcula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>) is inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Researc<span class=\"_ _6\"></span>h an<span class=\"_ _6\"></span>d develo<span class=\"_ _6\"></span>pment cost<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Res<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d. De<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s on an in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idual p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>an d<span class=\"_ _0\"></span>emo<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cal f<span class=\"_ _0\"></span>easibilit<span class=\"_ _1\"></span>y of co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t so t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t will be av<span class=\"_ _0\"></span>ailable fo<span class=\"_ _0\"></span>r use o<span class=\"_ _0\"></span>r sale<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o use o<span class=\"_ _0\"></span>r sell t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">H<span class=\"_ _0\"></span>ow t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>ill gener<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>ailabilit<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e abilit<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eliably t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e durin<span class=\"_ _0\"></span>g de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></span>Fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure a<span class=\"_ _0\"></span>s an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>ny ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>gins w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>plet<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et is a<span class=\"_ _0\"></span>vailable f<span class=\"_ _0\"></span>or us<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d will be am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tised o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>mor<span class=\"_ _1\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed in op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et is t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t annu<span class=\"_ _0\"></span>ally.<span class=\"_ _2db\"> </span>Cloud Compu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing Ar<span class=\"_ _0\"></span>rangement cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s Clou<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s in w<span class=\"_ _0\"></span>hich a cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er do<span class=\"_ _0\"></span>es n<span class=\"_ _0\"></span>ot ha<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g so<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ware a<span class=\"_ _0\"></span>nd us<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he so<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>war<span class=\"_ _0\"></span>e on an as<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>asis. Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cloud c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>n be r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as an in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>an de<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ult<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ol ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he sof<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>er to o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain s<span class=\"_ _0\"></span>ole fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>of<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>rs\u2019 a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ria c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>not b<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sof<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re is a s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat a c<span class=\"_ _0\"></span>loud c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is a ser<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en it r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ure w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en it r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Impairmen<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span>Ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>f ev<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et m<span class=\"_ _0\"></span>ay n<span class=\"_ _0\"></span>ot b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le. If s<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h an indic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>xis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alues e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or C<span class=\"_ _0\"></span>GUs a<span class=\"_ _0\"></span>re w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>heir r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> is th<span class=\"_ _0\"></span>e gre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ter o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to s<span class=\"_ _0\"></span>ell and t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in use. I<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ssing v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value<span class=\"_ _0\"></span> using a p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hat r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ime v<span class=\"_ _0\"></span>alue of m<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>y and r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mining f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span> les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al, rec<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>ken in<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. If n<span class=\"_ _0\"></span>o suc<span class=\"_ _0\"></span>h tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied, an a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n mo<span class=\"_ _0\"></span>del is us<span class=\"_ _0\"></span>ed. F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te la<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ely in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>ash in<span class=\"_ _0\"></span>flo<span class=\"_ _0\"></span>ws, t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt is de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mined f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>malles<span class=\"_ _0\"></span>t C<span class=\"_ _0\"></span>GUs t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>long<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n on mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely f<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>ach of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s CGUs t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idual as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e bud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ions g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of t<span class=\"_ _1\"></span>wo ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. A lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> gro<span class=\"_ _0\"></span>w<span class=\"_ _1\"></span>th ra<span class=\"_ _0\"></span>te is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>lied to p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>d ye<span class=\"_ _0\"></span>ar.<span class=\"_ _2db\"> </span>Fo<span class=\"_ _0\"></span>r as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcludin<span class=\"_ _0\"></span>g go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill<span class=\"_ _6\"></span>, an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is mad<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>por<span class=\"_ _1\"></span>ting d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e to de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is an in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>at p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r exis<span class=\"_ _0\"></span>t or h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. If s<span class=\"_ _0\"></span>uch in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s or C<span class=\"_ _0\"></span>GU\u2019s rec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. A pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iousl<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> los<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>nly i<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>ere h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a chan<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt sin<span class=\"_ _0\"></span>ce t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e las<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s was<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>al is limite<span class=\"_ _0\"></span>d so t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s not e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t, n<span class=\"_ _0\"></span>or ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t would h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mined<span class=\"_ _0\"></span>, net o<span class=\"_ _0\"></span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, had n<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et in p<span class=\"_ _0\"></span>rior y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d any r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f suc<span class=\"_ _0\"></span>h los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span>Leases<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s at c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>cep<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er a c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t is, or c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains, a le<span class=\"_ _0\"></span>ase. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at is, i<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rol t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e use o<span class=\"_ _0\"></span>f an ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>et f<span class=\"_ _0\"></span>or a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of t<span class=\"_ _0\"></span>ime in ex<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e for c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Gr<span class=\"_ _0\"></span>oup as a l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ee<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ap<span class=\"_ _0\"></span>plies a sin<span class=\"_ _0\"></span>gle re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ch fo<span class=\"_ _0\"></span>r all leas<span class=\"_ _0\"></span>es, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>t for s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s and le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f low v<span class=\"_ _0\"></span>alue as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities t<span class=\"_ _0\"></span>o mak<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to u<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>a)<span class=\"_ _2\"></span> <span class=\"_ _a\"> </span>Rig<span class=\"_ _6\"></span>ht-of-u<span class=\"_ _6\"></span>se<span class=\"_ _6\"></span> a<span class=\"_ _6\"></span>ssets<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase (i.e., t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t is av<span class=\"_ _0\"></span>ailable fo<span class=\"_ _0\"></span>r use). Ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, le<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, and a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for a<span class=\"_ _0\"></span>ny r<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t of r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>f-<span class=\"_ _2db\"> </span>use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt o<span class=\"_ _0\"></span>f lea<span class=\"_ _0\"></span>se liabilitie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed, ini<span class=\"_ _0\"></span>tial dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s incur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed, a<span class=\"_ _0\"></span>nd le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e at o<span class=\"_ _0\"></span>r be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> any le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d. Righ<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>f-us<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>aigh<span class=\"_ _0\"></span>t-line ba<span class=\"_ _0\"></span>sis ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e le<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m.<span class=\"_ _2db\"> </span>b)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Lease lia<span class=\"_ _6\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span>At th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s leas<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t v<span class=\"_ _0\"></span>alue of le<span class=\"_ _0\"></span>ase p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>xed p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s any le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble, var<span class=\"_ _0\"></span>iable l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d on an in<span class=\"_ _0\"></span>dex o<span class=\"_ _0\"></span>r a ra<span class=\"_ _0\"></span>te, an<span class=\"_ _0\"></span>d am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>aid und<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>esidu<span class=\"_ _0\"></span>al value gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s. Var<span class=\"_ _0\"></span>iable le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>o not d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end o<span class=\"_ _0\"></span>n an ind<span class=\"_ _0\"></span>ex or a r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es in t<span class=\"_ _0\"></span>he per<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t or c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>rig<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt als<span class=\"_ _0\"></span>o includ<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cise p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f a pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>y cer<span class=\"_ _1\"></span>tain t<span class=\"_ _0\"></span>o be e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up and p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>altie<span class=\"_ _0\"></span>s for t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g a lea<span class=\"_ _0\"></span>se, if t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sions t<span class=\"_ _0\"></span>o lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n it is r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y cer<span class=\"_ _1\"></span>tain t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion is goin<span class=\"_ _0\"></span>g to b<span class=\"_ _0\"></span>e exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>In cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alue of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up us<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e at t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e implicit in t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e is no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>adily de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>minable<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e liabilities is r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d if t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re is a m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion, a c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m or a ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (e.g., ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ges t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m a ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in an ind<span class=\"_ _0\"></span>ex or r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e us<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e suc<span class=\"_ _0\"></span>h lea<span class=\"_ _0\"></span>se p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s).<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s lease liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h, Bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs an<span class=\"_ _0\"></span>d Net D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t (see n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 21<span class=\"_ _6\"></span>).<span class=\"_ _2db\"> </span>c) <span class=\"_ _b\"> </span>Sho<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>t-t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d lea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f lo<span class=\"_ _0\"></span>w val<span class=\"_ _0\"></span>ue as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ap<span class=\"_ _0\"></span>plies t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m lea<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nitio<span class=\"_ _0\"></span>n exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt (i.e., t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at ha<span class=\"_ _0\"></span>ve a le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>rm o<span class=\"_ _0\"></span>f 12 mont<span class=\"_ _0\"></span>hs or<span class=\"_ _0\"></span> les<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and d<span class=\"_ _0\"></span>o not c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain a pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion). I<span class=\"_ _0\"></span>t also a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e of lo<span class=\"_ _0\"></span>w v<span class=\"_ _0\"></span>alue ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es of o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e equip<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be l<span class=\"_ _0\"></span>ow v<span class=\"_ _0\"></span>alue. L<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s on s<span class=\"_ _0\"></span>hor<span class=\"_ _1\"></span>t-ter<span class=\"_ _0\"></span>m le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s and l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f low v<span class=\"_ _0\"></span>alue as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-<span class=\"_ _2db\"> </span>line basis o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m.<span class=\"_ _2db\"> </span>Gr<span class=\"_ _0\"></span>oup as a l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>or<span class=\"_ _2db\"> </span>Le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tially all th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds in<span class=\"_ _0\"></span>cide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al to o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip of an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Ren<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>ome a<span class=\"_ _0\"></span>rising is a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line b<span class=\"_ _0\"></span>asis ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>s and is in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t due t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>s op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s held f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r sal<span class=\"_ _0\"></span>e and d<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>ions<span class=\"_ _2db\"> </span>As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e classi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as he<span class=\"_ _0\"></span>ld for s<span class=\"_ _0\"></span>ale w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>ally t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh a s<span class=\"_ _0\"></span>ale t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ra<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinuin<span class=\"_ _0\"></span>g use<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a for h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed as m<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>nly w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e sale is hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le and t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>r dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al gro<span class=\"_ _0\"></span>up is av<span class=\"_ _0\"></span>ailable for im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>e sale in i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion. A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale sh<span class=\"_ _0\"></span>ould indi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at it is u<span class=\"_ _0\"></span>nlikely t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale will be m<span class=\"_ _0\"></span>ade o<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>n to s<span class=\"_ _0\"></span>ell will be wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>n. M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t mus<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mmit<span class=\"_ _1\"></span>ted t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e plan t<span class=\"_ _0\"></span>o sell t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e sale e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin one y<span class=\"_ _0\"></span>ear f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion.<span class=\"_ _2db\"> </span>As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale ar<span class=\"_ _0\"></span>e value<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he lo<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>r of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell. No d<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion is ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d whils<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale.<span class=\"_ _2db\"> </span>In ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 5 Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s H<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r Sale an<span class=\"_ _0\"></span>d Disc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions ar<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely in th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (fo<span class=\"_ _0\"></span>r w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed)<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ional dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>te 19. All ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> not<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinuing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, unle<span class=\"_ _0\"></span>ss in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>wise.<span class=\"_ _2db\"> </span>Inven<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span>Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he low<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>st a<span class=\"_ _0\"></span>nd ne<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ealisa<span class=\"_ _0\"></span>ble value<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t is calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he \u201c<span class=\"_ _6\"></span>Avera<span class=\"_ _0\"></span>ge Weigh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t\u201d m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d. Ne<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ealisa<span class=\"_ _0\"></span>ble value is<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>elling pri<span class=\"_ _0\"></span>ce in t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e of bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s le<span class=\"_ _0\"></span>ss e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d in mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g, s<span class=\"_ _0\"></span>elling and dist<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>F<span class=\"_ _0\"></span>inanc<span class=\"_ _6\"></span>ial<span class=\"_ _6\"></span> inst<span class=\"_ _0\"></span>rumen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Init<span class=\"_ _0\"></span>ial recognition and derec<span class=\"_ _6\"></span>ognit<span class=\"_ _0\"></span>ion A fina<span class=\"_ _0\"></span>ncial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt is an<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at gi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s ris<span class=\"_ _0\"></span>e to a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t of o<span class=\"_ _0\"></span>ne en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilit<span class=\"_ _0\"></span>y or e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y inst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt of a<span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er en<span class=\"_ _0\"></span>tit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancial liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es a p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y to t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>visio<span class=\"_ _0\"></span>ns of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>ws f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pire, or w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t and su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tially all th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s and r<span class=\"_ _0\"></span>ew<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed. A f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilit<span class=\"_ _0\"></span>y is de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en it is e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guishe<span class=\"_ _0\"></span>d, dis<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed, c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>celle<span class=\"_ _0\"></span>d or ex<span class=\"_ _0\"></span>pir<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Fina<span class=\"_ _0\"></span>ncial ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Recognit<span class=\"_ _0\"></span>ion and<span class=\"_ _6\"></span> measurement<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied, a<span class=\"_ _0\"></span>t initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion, as su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t, f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me (\u201cOC<span class=\"_ _0\"></span>I\u201d) a<span class=\"_ _0\"></span>nd fair valu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nds o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s busine<span class=\"_ _0\"></span>ss m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l for m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>cep<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>les t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t do no<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain a signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>r for w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cal e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dient<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ini<span class=\"_ _0\"></span>tially me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t it<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>air value plus, in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. Trade r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t do no<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ain a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice in<span class=\"_ _0\"></span> ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h IF<span class=\"_ _0\"></span>RS 15. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gor<span class=\"_ _0\"></span>ies in<span class=\"_ _0\"></span>to w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ies i<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tised c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>: A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e held fo<span class=\"_ _0\"></span>r colle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s, wh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t solel<span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipal an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, are<span class=\"_ _0\"></span> </span>me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is includ<span class=\"_ _0\"></span>ed in f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me usin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>y gain or los<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g on de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er gains<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s) tog<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te line i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m in th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s cash an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s fall int<span class=\"_ _0\"></span>o this c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. \u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh O<span class=\"_ _0\"></span>CI (\u201cF<span class=\"_ _1\"></span>VO<span class=\"_ _0\"></span>CI\u201d<span class=\"_ _0\"></span>): A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e held f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>ollec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d for s<span class=\"_ _0\"></span>elling th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s\u2019 ca<span class=\"_ _0\"></span>sh </span>flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>olely p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al and in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t, ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _1\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>ken t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h OC<span class=\"_ _0\"></span>I and w<span class=\"_ _0\"></span>ill be re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ycle<span class=\"_ _0\"></span>d up<span class=\"_ _0\"></span>on de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s (\u201cF<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>\u201d): A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>o not m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eria f<span class=\"_ _0\"></span>or am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>r F<span class=\"_ _1\"></span>VOC<span class=\"_ _0\"></span>I are m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. A g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss on a d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t </span>inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at is su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>thin o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er gain<span class=\"_ _0\"></span>s/<span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s) in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h it ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Impair<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t IF<span class=\"_ _0\"></span>RS 9<span class=\"_ _0\"></span>\u2019s impair<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>re f<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>war<span class=\"_ _0\"></span>d-<span class=\"_ _0\"></span>look<span class=\"_ _0\"></span>ing in<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s \u2013 t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss (\u201cE<span class=\"_ _0\"></span>CL<span class=\"_ _2\"></span>\u201d<span class=\"_ _0\"></span>) mo<span class=\"_ _0\"></span>del. Re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es is n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ger d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>if<span class=\"_ _1\"></span>ying a cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ad, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s a b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>r ra<span class=\"_ _0\"></span>nge o<span class=\"_ _0\"></span>f info<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ssin<span class=\"_ _0\"></span>g cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edit l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, includin<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t eve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s, cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble and s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tab<span class=\"_ _0\"></span>le for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>hen a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sing imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s applie<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e simplif<span class=\"_ _0\"></span>ied ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ach t<span class=\"_ _0\"></span>o ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es as p<span class=\"_ _0\"></span>er I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>del f<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s on an a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rais<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t a re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble will de<span class=\"_ _0\"></span>fault r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>han w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a los<span class=\"_ _0\"></span>s has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n incu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his inv<span class=\"_ _0\"></span>olv<span class=\"_ _0\"></span>es an u<span class=\"_ _0\"></span>nbias<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of a r<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>sible ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>heir p<span class=\"_ _0\"></span>rob<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilities of o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, an<span class=\"_ _0\"></span>d is supp<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>te<span class=\"_ _0\"></span>d by p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>erie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of c<span class=\"_ _0\"></span>ollec<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s as w<span class=\"_ _0\"></span>ell as chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>hat c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ault o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bles<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ially de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s hist<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce, a<span class=\"_ _0\"></span>ny fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-loo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic to a p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ticular t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he timin<span class=\"_ _0\"></span>g of init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion f<span class=\"_ _0\"></span>or imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es is t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. Mo<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hin ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e poin<span class=\"_ _0\"></span>t a tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able is w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>r as un<span class=\"_ _0\"></span>colle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st is c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e allowan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>y sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ies of a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viou<span class=\"_ _0\"></span>sly w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f ar<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>In th<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny, amount<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>heir o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt le<span class=\"_ _0\"></span>ss allow<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>or imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>L mo<span class=\"_ _0\"></span>del. In de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mining th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>del, t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e net a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s av<span class=\"_ _0\"></span>ailable to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span>Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Recognit<span class=\"_ _0\"></span>ion and<span class=\"_ _6\"></span> measurement<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied, a<span class=\"_ _0\"></span>t initial r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion, as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilitie<span class=\"_ _0\"></span>s at f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss, l<span class=\"_ _0\"></span>oan<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings, p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yabl<span class=\"_ _0\"></span>es or a<span class=\"_ _0\"></span>s der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es desig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in a<span class=\"_ _0\"></span>n ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge, as a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>All fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial liabilities ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised ini<span class=\"_ _0\"></span>tially a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue and, in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>e of lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ings an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s, net o<span class=\"_ _0\"></span>f dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y at<span class=\"_ _1\"></span>tribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s finan<span class=\"_ _0\"></span>cial liabilities in<span class=\"_ _0\"></span>clude t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>ya<span class=\"_ _0\"></span>bles, lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ings in<span class=\"_ _0\"></span>cluding b<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k ov<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Fo<span class=\"_ _0\"></span>r pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabilities ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied in t<span class=\"_ _1\"></span>wo ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilitie<span class=\"_ _0\"></span>s at f<span class=\"_ _0\"></span>air value t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y at f<span class=\"_ _0\"></span>air value w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h g<span class=\"_ _0\"></span>ains or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilitie<span class=\"_ _0\"></span>s at am<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st (lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>gs) w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od.<span class=\"_ _2db\"> </span></span>Ban<span class=\"_ _0\"></span>k lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s, o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>s and d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ank lo<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s, ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ben<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e initially r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d, ne<span class=\"_ _0\"></span>t of dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span>sue c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>ct is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s, ar<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d for o<span class=\"_ _0\"></span>n an e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>asis in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>ey ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in whic<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>hey a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of financia<span class=\"_ _6\"></span>l instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancial liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t and t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t is r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>solida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n if t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is a cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly e<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> leg<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>ere is a<span class=\"_ _0\"></span>n int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le on a ne<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>asis, to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>alise th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>he liabilitie<span class=\"_ _0\"></span>s simult<span class=\"_ _0\"></span>ane<span class=\"_ _0\"></span>ousl<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span>Der<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>ive f<span class=\"_ _1\"></span>inancia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>s and hed<span class=\"_ _0\"></span>ge accou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _2db\"> </span>Recognit<span class=\"_ _0\"></span>ion and<span class=\"_ _6\"></span> measurement<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup us<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s to he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>s int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>ks. S<span class=\"_ _0\"></span>uch d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e initially r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> on w<span class=\"_ _0\"></span>hich a d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct is e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to an<span class=\"_ _0\"></span>d are s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>quen<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d at f<span class=\"_ _0\"></span>air value. D<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e is po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>nd as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilitie<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value is n<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve.<span class=\"_ _2db\"> </span>Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e of h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>lassi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d as:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">F<span class=\"_ _0\"></span>air value h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>o cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of a r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or liabilit<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>r an unr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure t<span class=\"_ _0\"></span>o va<span class=\"_ _0\"></span>riabilit<span class=\"_ _1\"></span>y in cash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is eit<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to a p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ticular r<span class=\"_ _0\"></span>isk as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> </span>or liabilit<span class=\"_ _0\"></span>y or a hig<span class=\"_ _0\"></span>hly p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ble fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion or t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy r<span class=\"_ _0\"></span>isk in an u<span class=\"_ _0\"></span>nre<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges o<span class=\"_ _0\"></span>f a ne<span class=\"_ _0\"></span>t inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in a fo<span class=\"_ _0\"></span>reign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2db\"> </span></span>At th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nship, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>mally de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd do<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip to w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>t wis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>s to ap<span class=\"_ _0\"></span>ply h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e and s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he do<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n inclu<span class=\"_ _0\"></span>des id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em, t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>eing he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>w th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up will as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ss wh<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dging r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ship me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cluding t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>naly<span class=\"_ _0\"></span>sis of s<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f he<span class=\"_ _0\"></span>dge in<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd ho<span class=\"_ _0\"></span>w t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>tio is de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mined<span class=\"_ _0\"></span>). A he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g rela<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nship qu<span class=\"_ _0\"></span>alifie<span class=\"_ _0\"></span>s for h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting i<span class=\"_ _0\"></span>f it m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts all of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>ing ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere is \u201can ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip\u201d bet<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t \u201c<span class=\"_ _0\"></span>domin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s\u201d th<span class=\"_ _0\"></span>at r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>at e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomi<span class=\"_ _0\"></span>c rela<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ship<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io of t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hip is the s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e as t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e qua<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ually h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he </span>quan<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dging in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ually u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s to he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tit<span class=\"_ _1\"></span>y of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>He<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t all the q<span class=\"_ _0\"></span>ualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ia fo<span class=\"_ _0\"></span>r he<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g are a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>, as de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>elow.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion of c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue of de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at are d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>y as c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ve wi<span class=\"_ _0\"></span>thin e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>. Th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he ine<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed imm<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ly in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin ot<span class=\"_ _0\"></span>her g<span class=\"_ _0\"></span>ains/<span class=\"_ _0\"></span>(los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es). A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iousl<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed in e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>classi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d to p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame line a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m. I<span class=\"_ _0\"></span>f ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing is dis<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ued, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>CI m<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t rem<span class=\"_ _0\"></span>ain in ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed O<span class=\"_ _0\"></span>CI if t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>ws a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>till ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to<span class=\"_ _0\"></span> oc<span class=\"_ _0\"></span>cur. Ot<span class=\"_ _0\"></span>her<span class=\"_ _1\"></span>wis<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt w<span class=\"_ _0\"></span>ill be imme<span class=\"_ _0\"></span>diat<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>hen a h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pir<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>r is sold o<span class=\"_ _0\"></span>r ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed, o<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>en a h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eria f<span class=\"_ _0\"></span>or h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e risk m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>emains t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sam<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio is adjus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d so t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e qualif<span class=\"_ _1\"></span>ying cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ia again.<span class=\"_ _2db\"> </span>Cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s as deb<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>W<span class=\"_ _0\"></span>hen s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d, an<span class=\"_ _0\"></span>y com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t cre<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s a fin<span class=\"_ _0\"></span>ancial liabilit<span class=\"_ _1\"></span>y of the C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any o<span class=\"_ _0\"></span>r Gro<span class=\"_ _0\"></span>up is pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as a liabilit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d initially a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>il ex<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guishe<span class=\"_ _0\"></span>d on c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n or re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ondin<span class=\"_ _0\"></span>g div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds rela<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g to t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed as in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e initial f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d using<span class=\"_ _0\"></span> a mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e for an e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt liabilit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ut a c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rsio<span class=\"_ _0\"></span>n fe<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>emain<span class=\"_ _0\"></span>der o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>n issu<span class=\"_ _0\"></span>e is alloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, net of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is not r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed in su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s ordinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es gi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n in no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>5, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise i<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al, shar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>emium<span class=\"_ _0\"></span>, cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ve, he<span class=\"_ _0\"></span>dging r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>cumula<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs plus i<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liabilit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n no ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>o be c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al sinc<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ior y<span class=\"_ _0\"></span>ear.<span class=\"_ _2db\"> </span>Preferenc<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s pref<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liabilities<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ondin<span class=\"_ _0\"></span>g div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>ed as in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e at f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Revenue<span class=\"_ _2db\"> </span>Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 15 upo<span class=\"_ _0\"></span>n applic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ls7b ws7a\">Identif<span class=\"_ _0\"></span>y the per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance obli<span class=\"_ _6\"></span>gations i<span class=\"_ _6\"></span>n the contract<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ls7b ws7a\">Det<span class=\"_ _0\"></span>ermine the transaction price<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>lloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice t<span class=\"_ _0\"></span>o ea<span class=\"_ _0\"></span>ch p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is sa<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing a p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d go<span class=\"_ _0\"></span>od or s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e to a cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er.<span class=\"_ _2db\"> </span></span>Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d P<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nue p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d, dr<span class=\"_ _0\"></span>ink an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s. F<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>rink r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>he go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s/<span class=\"_ _2db\"> </span>ser<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>as tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d, b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e poin<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>r pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>d or dr<span class=\"_ _0\"></span>ink<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>akes b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>okin<span class=\"_ _0\"></span>gs f<span class=\"_ _0\"></span>or ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>hich<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>quire a d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>osit t<span class=\"_ _0\"></span>o se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g. A co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabilit<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ale. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is rele<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue is<span class=\"_ _0\"></span> re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>aight-line b<span class=\"_ _0\"></span>asis o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dur<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>m oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n or ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. A c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>ntil t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>t is c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>e or t<span class=\"_ _0\"></span>he gu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t has o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cupie<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e ro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup also e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ns r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ugh s<span class=\"_ _0\"></span>elling drink t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he T<span class=\"_ _6\"></span>enan<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>ns div<span class=\"_ _0\"></span>ision w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is supp<span class=\"_ _0\"></span>lied to F<span class=\"_ _0\"></span>uller<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s by A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ahi un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g-T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Su<span class=\"_ _0\"></span>ppl<span class=\"_ _0\"></span>y Ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt (\u201cLTSA\u201d). Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up is th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>al as it h<span class=\"_ _0\"></span>as p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nsibilit<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t and als<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tor<span class=\"_ _1\"></span>y risk<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 16 w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al inco<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om T<span class=\"_ _6\"></span>enan<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unlice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties. T<span class=\"_ _0\"></span>his is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>raig<span class=\"_ _0\"></span>ht-line basis o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e lea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m. S<span class=\"_ _0\"></span>ome r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>ver r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich is b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome g<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at p<span class=\"_ _0\"></span>ub. T<span class=\"_ _0\"></span>his is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is ear<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed. R<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or ma<span class=\"_ _0\"></span>chine in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n ne<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>gs ar<span class=\"_ _0\"></span>e ear<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed.<span class=\"_ _2db\"> </span>Bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y at<span class=\"_ _1\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>es a su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tial pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>ime to g<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>y for u<span class=\"_ _0\"></span>se ar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d as par<span class=\"_ _1\"></span>t of t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>eing cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>his is ap<span class=\"_ _0\"></span>plied t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent is e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to las<span class=\"_ _0\"></span>t in ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s of six m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ll oth<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>ey o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur. Bor<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>win<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t and o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at an e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y incur<span class=\"_ _0\"></span>s in co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ing of f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds.<span class=\"_ _2db\"> </span>Sep<span class=\"_ _6\"></span>ar<span class=\"_ _6\"></span>ately<span class=\"_ _6\"></span> di<span class=\"_ _6\"></span>sc<span class=\"_ _6\"></span>los<span class=\"_ _6\"></span>ed<span class=\"_ _6\"></span> items<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s as s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ms o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ce of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rial it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s of in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e whi<span class=\"_ _0\"></span>ch, be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aus<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e or e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d inf<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s gi<span class=\"_ _0\"></span>ving r<span class=\"_ _0\"></span>ise t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>hem, m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>it se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to allow sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s to u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he elem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce in t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>, so as to f<span class=\"_ _0\"></span>acilit<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n wi<span class=\"_ _0\"></span>th p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds in fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial per<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ly dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed it<span class=\"_ _0\"></span>ems ar<span class=\"_ _0\"></span>e a ke<span class=\"_ _0\"></span>y elem<span class=\"_ _0\"></span>ent u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>emo<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s an alt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e management comment<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y for the repor<span class=\"_ _0\"></span>ting period.<span class=\"_ _2db\"> </span>Share<span class=\"_ _0\"></span>-based pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup h<span class=\"_ _0\"></span>as an em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve P<span class=\"_ _0\"></span>lan t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s to e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, and a Lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve P<span class=\"_ _0\"></span>lan t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t aw<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s to Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s and S<span class=\"_ _0\"></span>enior E<span class=\"_ _1\"></span>xec<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fic p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ria. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up also is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>s eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es un<span class=\"_ _0\"></span>der ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d and un<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d a Sa<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>gs Re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e Op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s is me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y are gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as an ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>hich en<span class=\"_ _0\"></span>ds on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e on w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ant e<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fully e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>itl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d. Fair v<span class=\"_ _0\"></span>alue is de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g an ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>ricin<span class=\"_ _0\"></span>g mo<span class=\"_ _0\"></span>del. In v<span class=\"_ _0\"></span>aluing eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, no a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>n of an<span class=\"_ _0\"></span>y ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has<span class=\"_ _0\"></span> no e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are linke<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny (mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s).<span class=\"_ _2db\"> </span>No ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t do n<span class=\"_ _0\"></span>ot ult<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t. At e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ore v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e is cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ed, r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s be<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _1\"></span>wise o<span class=\"_ _0\"></span>f non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hat w<span class=\"_ _0\"></span>ill ultima<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ely v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in cum<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ve e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se sin<span class=\"_ _0\"></span>ce t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ious B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ondin<span class=\"_ _0\"></span>g en<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span>W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ms of a<span class=\"_ _0\"></span>n equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled a<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd ar<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>r a ne<span class=\"_ _0\"></span>w aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d is desig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>ing a c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>elled o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> origin<span class=\"_ _0\"></span>al aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ues t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>al ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. In a<span class=\"_ _0\"></span>ddit<span class=\"_ _0\"></span>ion, an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d ov<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ainder o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>w ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing per<span class=\"_ _0\"></span>iod f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>air value of a<span class=\"_ _0\"></span>ny mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion, b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>ween t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>iginal a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d, bo<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>s me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. No r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>f this di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is ne<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e an e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tled a<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd is c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>celle<span class=\"_ _0\"></span>d (includin<span class=\"_ _0\"></span>g wh<span class=\"_ _0\"></span>en a n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-v<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ion w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol of t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>r emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e is no<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>t), i<span class=\"_ _0\"></span>t is tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed as i<span class=\"_ _0\"></span>f it ha<span class=\"_ _0\"></span>d ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n, an<span class=\"_ _0\"></span>d any c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t for t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ard is e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d imm<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y. Any c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n paid up t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ard a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ellat<span class=\"_ _0\"></span>ion or s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tleme<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m eq<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>y exc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s ov<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>air value b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as an ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span>O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span>Shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ded u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee in<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>lans an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>hat h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve y<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>o ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t unc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nally ar<span class=\"_ _0\"></span>e hel<span class=\"_ _0\"></span>d at c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t by a<span class=\"_ _0\"></span>n emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t (\u201cES<span class=\"_ _0\"></span>OT<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) and s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>s a ded<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n fr<span class=\"_ _0\"></span>om e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y in the B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>T is an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d not c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _2db\"> </span>In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s by t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>ario<span class=\"_ _0\"></span>us E<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>T<span class=\"_ _2\"></span>s f<span class=\"_ _0\"></span>or sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup als<span class=\"_ _0\"></span>o fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>ime t<span class=\"_ _0\"></span>o time a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>s ow<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s to b<span class=\"_ _0\"></span>e hel<span class=\"_ _0\"></span>d as tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>asio<span class=\"_ _0\"></span>nally bu<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>clusiv<span class=\"_ _0\"></span>ely u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _1\"></span>y awa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er va<span class=\"_ _0\"></span>riou<span class=\"_ _0\"></span>s shar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _6\"></span>rea<span class=\"_ _0\"></span>sur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e held a<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t and sho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n as a de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m to<span class=\"_ _0\"></span>tal e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y in the B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e sale o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>ch sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s is also r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, wit<span class=\"_ _0\"></span>h any di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ween t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m sale an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>iginal c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t bein<span class=\"_ _0\"></span>g ta<span class=\"_ _0\"></span>ken t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>es. N<span class=\"_ _0\"></span>o gain or lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase, s<span class=\"_ _0\"></span>ale, iss<span class=\"_ _0\"></span>ue or c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cella<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>T<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>xat<span class=\"_ _0\"></span>ion<span class=\"_ _2db\"> </span>Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he su<span class=\"_ _0\"></span>m of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yabl<span class=\"_ _0\"></span>e is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar usin<span class=\"_ _0\"></span>g UK t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es e<span class=\"_ _0\"></span>nac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and a<span class=\"_ _0\"></span>ny adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. T<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m net p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it as r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ted in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>t exclu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span>ems o<span class=\"_ _0\"></span>f inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at ar<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble or de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible in ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s or ar<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tibl<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Defe<span class=\"_ _6\"></span>rred<span class=\"_ _6\"></span> tax<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> for f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x liabilities a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r all ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>ble te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r all dedu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible t<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, car<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y-fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of un<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd unu<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ax l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, to t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t it is p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ble th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t will be av<span class=\"_ _0\"></span>ailable ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y ca<span class=\"_ _0\"></span>n be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>Suc<span class=\"_ _0\"></span>h def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s are n<span class=\"_ _0\"></span>ot r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or liabilit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will or an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t or liabilit<span class=\"_ _1\"></span>y in a tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t is not a b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd, a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e time o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion, a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s nei<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it no<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d at e<span class=\"_ _0\"></span>ach B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x is no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he timin<span class=\"_ _0\"></span>g of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>lled and i<span class=\"_ _0\"></span>t is pr<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>ill not re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>ble fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is a le<span class=\"_ _0\"></span>gally en<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>able rig<span class=\"_ _0\"></span>ht t<span class=\"_ _0\"></span>o of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilit<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x balan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd liabilitie<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t are e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>ealise<span class=\"_ _0\"></span>d or t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _1\"></span>y is set<span class=\"_ _1\"></span>tled, bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d law<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d or su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y ena<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>t and de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e year<span class=\"_ _2db\"> </span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>cep<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ey r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o ite<span class=\"_ _0\"></span>ms t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or in e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h ca<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x are als<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span>Pensions and ot<span class=\"_ _0\"></span>her pos<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>employ<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>ined cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion schemes<span class=\"_ _2db\"> </span>Pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s are c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as t<span class=\"_ _0\"></span>hey f<span class=\"_ _0\"></span>all due. Def<span class=\"_ _0\"></span>ined benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t schemes<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d a de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsion p<span class=\"_ _0\"></span>lan fo<span class=\"_ _0\"></span>r eligible emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e mad<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>o a sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te f<span class=\"_ _0\"></span>und a<span class=\"_ _0\"></span>dminis<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by Trust<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual in Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 2015.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vidin<span class=\"_ _0\"></span>g be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>lan is de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d unit cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dit me<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d calc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y qualif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>o be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d (to de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ser<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t) an<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds (t<span class=\"_ _0\"></span>o det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ent v<span class=\"_ _0\"></span>alue of<span class=\"_ _0\"></span> def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tion) an<span class=\"_ _0\"></span>d is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial ad<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice. P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>arlier of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e dat<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n a plan am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt or<span class=\"_ _0\"></span> cur<span class=\"_ _1\"></span>tailmen<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en an e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>y ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts, o<span class=\"_ _0\"></span>r rela<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 3<span class=\"_ _0\"></span>7 Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s, Co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt Liab<span class=\"_ _0\"></span>ilities an<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>hen a s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>tleme<span class=\"_ _0\"></span>nt (eliminat<span class=\"_ _0\"></span>ing all obliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s alre<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed) o<span class=\"_ _0\"></span>r a cur<span class=\"_ _1\"></span>tailmen<span class=\"_ _0\"></span>t (re<span class=\"_ _0\"></span>ducin<span class=\"_ _0\"></span>g fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure o<span class=\"_ _0\"></span>bliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s as a re<span class=\"_ _0\"></span>sult o<span class=\"_ _0\"></span>f a ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rial r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion in<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip or a re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion in f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t) o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>lan as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t gain or lo<span class=\"_ _0\"></span>ss is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt or c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailme<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mines t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e net in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e/<span class=\"_ _0\"></span>(cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>) on t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it liabilit<span class=\"_ _0\"></span>y/(as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t) f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y app<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te us<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>eginnin<span class=\"_ _0\"></span>g of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e net p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion liabilit<span class=\"_ _0\"></span>y/(as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t) a<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>eginnin<span class=\"_ _0\"></span>g of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e/<span class=\"_ _0\"></span>(cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>) is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed imm<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y as a s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e) in the In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial g<span class=\"_ _0\"></span>ains and lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in f<span class=\"_ _0\"></span>ull in the St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsiv<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>r liabilit<span class=\"_ _0\"></span>y in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion (using a dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n high qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds), le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air value o<span class=\"_ _0\"></span>f plan as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t of w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e obliga<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e to b<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y. Fair value is b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ice in<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f quo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies is t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ublishe<span class=\"_ _0\"></span>d bid pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of a n<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he sum o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value o<span class=\"_ _0\"></span>f any am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r by w<span class=\"_ _0\"></span>ay o<span class=\"_ _0\"></span>f re<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nds f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he pla<span class=\"_ _0\"></span>n or r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions.<span class=\"_ _2db\"> </span>F<span class=\"_ _0\"></span>oreign currencies<span class=\"_ _2db\"> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s den<span class=\"_ _0\"></span>omina<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>uling at t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Mo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d liabilities ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansl<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ultin<span class=\"_ _0\"></span>g exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>en to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span>Divi<span class=\"_ _6\"></span>de<span class=\"_ _6\"></span>n<span class=\"_ _6\"></span>ds<span class=\"_ _2db\"> </span>Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ds r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ard b<span class=\"_ _0\"></span>ut u<span class=\"_ _0\"></span>np<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r end ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>til t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y are p<span class=\"_ _0\"></span>aid (in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>im div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d) or ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s at t<span class=\"_ _0\"></span>he A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nual Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing (in t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inal div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd).<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>\u2019s inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>In it<span class=\"_ _0\"></span>s se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>he P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es it<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent in i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>asis o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>st le<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision fo<span class=\"_ _0\"></span>r imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span>Ne<span class=\"_ _0\"></span>w s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ued b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t app<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ed<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ional A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _1\"></span>tee ha<span class=\"_ _0\"></span>ve is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>n ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e for p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s st<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ting o<span class=\"_ _0\"></span>n or be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e on w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _6\"></span>: Classi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f Lia<span class=\"_ _0\"></span>bilities a<span class=\"_ _0\"></span>s Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt (ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">R<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al Fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k \u2013 A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 3 (ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, Plant a<span class=\"_ _0\"></span>nd E<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t: P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e Int<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d Use \u2013 A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 16 (ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 Insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s (ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">O<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t \u2013 C<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>ulfilling a C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t \u2013 A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 37 (ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">D<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>initio<span class=\"_ _0\"></span>n of A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ing E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s \u2013 A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 8 (ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _0\"></span> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">Dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ure o<span class=\"_ _0\"></span>f A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g Policie<span class=\"_ _0\"></span>s \u2013 A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>AS 1 a<span class=\"_ _0\"></span>nd IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S P<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t 2 (ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">D<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d T<span class=\"_ _6\"></span>ax r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>abilities a<span class=\"_ _0\"></span>rising f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om a Singl<span class=\"_ _0\"></span>e T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion \u2013 A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 12 (<span class=\"_ _6\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s \u2013 F<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e \u201c1<span class=\"_ _6\"></span>0 per c<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u201d t<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or der<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f fina<span class=\"_ _0\"></span>ncial liabilitie<span class=\"_ _0\"></span>s (ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed 1 J<span class=\"_ _0\"></span>anua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he ad<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t lea<span class=\"_ _0\"></span>d to ma<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>erial e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>ew s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in iss<span class=\"_ _0\"></span>ue bu<span class=\"_ _0\"></span>t no<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>t ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e are n<span class=\"_ _0\"></span>ot ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _6\"></span>s fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-350": {
   "value": "Aut<span class=\"_ _0\"></span>horisa<span class=\"_ _0\"></span>tion of Financi<span class=\"_ _6\"></span>al Stat<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s T<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies (t<span class=\"_ _0\"></span>he \u201cGr<span class=\"_ _0\"></span>oup\u201d<span class=\"_ _0\"></span>) for t<span class=\"_ _0\"></span>he 5<span class=\"_ _1\"></span>3 week<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>re au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hor<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r iss<span class=\"_ _0\"></span>ue b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s on 14 June 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>as sig<span class=\"_ _0\"></span>ned o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oar<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s be<span class=\"_ _0\"></span>half b<span class=\"_ _0\"></span>y M J T<span class=\"_ _6\"></span>urne<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. Fuller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. is a pub<span class=\"_ _0\"></span>lic limite<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and d<span class=\"_ _0\"></span>omiciled in E<span class=\"_ _0\"></span>ngla<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d Wales<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s ordin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y \u2018<span class=\"_ _2\"></span>A<span class=\"_ _6\"></span>\u2019 shar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck E<span class=\"_ _1\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-2": {
   "value": "F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>u<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-3": {
   "value": "public limited company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-347": {
   "value": "company incorporated and domiciled in England and Wales. The Company\u2019s ordinary \u2018A\u2019 shares are traded on the London Stock Exchange. ",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-4": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-351": {
   "value": "Basis of preparation The Group\u2019s and Company\u2019s financial statements have been prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006, and in accordance with UK adopted International Financial Reporting Standards, and applied to the financial statements of the Group and the Company for the 53 weeks ended 1 April 2023. The principal accounting policies adopted by the Group and by the Company are set out in the accounting policies below. The Group and Company financial statements are presented in Sterling and all values are shown in millions of pounds (\u00a3m) rounded to the nearest hundred thousand, except where otherwise indicated. As permitted by Section 408 of the Companies Act 2006, a separate Income Statement for the Parent Company has not been prepared. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-406": {
   "value": "The Group\u2019s and Company\u2019s financial statements have been prepared in accordance with international accounting standards in conformity with the requirements of the Companies Act 2006, and in accordance with UK adopted International Financial Reporting Standards, and applied to the financial statements of the Group and the Company for the 53 weeks ended 1 April 2023. The principal accounting policies adopted by the Group and by the Company are set out in the accounting policies below. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-407": {
   "value": "The Group and Company financial statements are presented in Sterling and all values are shown in millions of pounds (\u00a3m) rounded to the nearest hundred thousand, except where otherwise indicated. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-352": {
   "value": "Going concern The Group\u2019s business activities, together with the factors likely to affect its future development, performance and position are set out in the strategic report on pages 1 to 65. The financial position of the Company, its cash flows, net debt and borrowing facilities and the maturity of those facilities are set out above on pages 147 to 159. In addition, there are further details in the financial statements on the Group\u2019s financial risk management, objectives and policies in note 27. At 1 April 2023, the Group Balance Sheet comprises of 92% of the estate being freehold properties and available headroom on facilities of \u00a379.5 million and \u00a314.1 million of cash and resulting net debt of \u00a3132.8 million. During the year, the Group secured a new facility of \u00a3200 million, split between a RCF of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. Under the new agreement, the minimum liquidity covenant of \u00a310 million tested monthly remained until November 2022. From December 2022 (and tested quarterly thereafter) the covenant suite consists of net debt to EBITDA (leverage) and EBITDA to net finance charges. See further details in Note 23. The Group has modelled financial projections for the going concern period, which is the period to 29 June 2024, based upon two scenarios, the \u2018base case\u2019 and the \u2018downside case\u2019. The base case is the Board approved FY2024 budget as well as the Q1 FY2025 plan which forms part of the Board approved three year plan. The base case assumes that sales will continue to recover, in particular in Central London. However, the budget remains cautious about the inflationary environment and also the impact on the consumer and therefore only assumes moderate levels of volume growth as well as continued pressure on margins. The base case scenario indicates that it will have sufficient resources to continue to settle its debts as they fall due and operate well within its covenants for the going concern assessment period. The Group has also modelled a \u2018downside case\u2019 which assumes that sales volume reduce by 10% from the \u2018base case\u2019 and costs across food, staff and interest continue to rise. This model also assumes train strikes are more frequent than experienced in FY2023. In this \u2018downside case\u2019, management would implement mitigating actions such as overhead cost reduction and restructuring of capital expenditure and other property spend to essential maintenance. Under this scenario, the Group would still have sufficient resources to settle liabilities as they fall due and headroom on its covenants through the duration of the period. The Group has also performed a \u2018reverse stress case\u2019 which shows that the Group could withstand a 24% reduction in volumes from those assessed in the \u2018base case\u2019 throughout the going concern period, as well as costs assumed to increase at a similar or higher rate than the downside scenario, before the covenant levels would be exceeded on 31 March 2024. The Directors consider this scenario to be remote as other than when the business was closed because of the pandemic, it has never seen volumes decline at anywhere close to that rate. Under both the base and downside scenarios modelled, the Group would have sufficient headroom on its facilities throughout the going concern assessment period. Additionally, under the downside scenario there are further mitigating actions which the Group has in its control to either improve EBITDA or reduce net debt, such as further reduction in capex spend to only essential maintenance and decision not to pay dividends and bonuses. Further mitigating actions would also include disposals of licensed and unlicensed properties. The Directors have also determined that, over the period of the going concern assessment, there is not expected to be a significant impact because of climate change. After due consideration of the matters set out above, the Directors are satisfied that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the going concern assessment period, being the period to 29 June 2024, and have therefore adopted the going concern basis in the preparation of these financial statements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-353": {
   "value": "Significant accounting judgements, estimates and assumptions The areas of estimation and assumption which are considered to be significant in the preparation of the financial statements are as follows: The Group determines whether goodwill is impaired on an annual basis and this requires an estimation of the value in use of the cash-generating units (\u201cCGUs\u201d) to which the goodwill is allocated. This involves estimation of future cash flows and choosing a suitable discount rate. Full details are supplied in note 13, together with an analysis of those key assumptions. The Group reviews impairment of all property, plant and equipment and right-of-use assets at CGU level where there is any indication of impairment. This requires an estimation of the value in use and involves estimation of future cash flows and choosing a suitable discount rate. See note 13, which describes the assumptions used, together with an analysis of the key assumptions. Measurement of defined benefit pension obligations requires estimation of future changes in inflation, as well as mortality rates, the expected return on assets and the selection of a suitable discount rate. These have been determined on advice from the Group\u2019s qualified actuary. The estimates used and the key assumptions are provided in note 22. The areas of judgement which are considered to be significant in the preparation of the financial statements are as follows: Judgement is used to determine those items that should be separately disclosed to allow a better understanding of the underlying trading performance of the Group. The judgement includes assessment of whether an item is of a nature that is not consistent with normal trading activities or of sufficient size or infrequency. See note 5 for further details. The Group has exercised significant accounting estimation and judgement in the recognition of deferred tax liabilities in respect of property, plant and equipment. Significant accounting estimates and judgements include those used to determine the amount of net book value of property, plant and equipment to which the initial recognition exemption applies, the calculation of the tax base on sale (which is subject to certain restrictions under tax law) and the offsetting of inherent losses against inherent gains where tax losses are expected to be utilised against future profits and gains. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-354": {
   "value": "Basis of consolidation<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er P<span class=\"_ _2\"></span>.L<span class=\"_ _0\"></span>.C. and t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies it c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rols (i<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s) dra<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n up fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 we<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s end<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>ded 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2). S<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>eir ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>n w<span class=\"_ _0\"></span>hich th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ains co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol, and co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inue t<span class=\"_ _0\"></span>o be c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>solida<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>til th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol ce<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>es. C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rol c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>r to dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>elev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> of t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y whic<span class=\"_ _0\"></span>h signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tly a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y, so as to o<span class=\"_ _0\"></span>bt<span class=\"_ _0\"></span>ain b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, and is a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t or in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip of vo<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tly e<span class=\"_ _0\"></span>xer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ible po<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ial vot<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>; or by w<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y of co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. All in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding u<span class=\"_ _0\"></span>nre<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>em, ar<span class=\"_ _0\"></span>e elimina<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-445": {
   "value": "Business combinations and goodwill Business combinations are accounted for under IFRS 3 Business Combinations using the purchase method. Any excess of the consideration of the business combination over the Group\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities is recognised in the Balance Sheet as goodwill and is not amortised. To the extent that the net fair value of the acquired entity\u2019s identifiable assets, liabilities and contingent liabilities is greater than the cost of the investment, a gain is recognised immediately in the Income Statement. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. After initial recognition, goodwill is stated at cost less any accumulated impairment losses, with the carrying value being reviewed for impairment, at least annually and whenever events or changes in circumstances indicate that the carrying value may be impaired. Any impairment of goodwill made cannot be reversed if circumstances subsequently change. For the purpose of impairment testing, goodwill is allocated to the related CGUs (or group of CGUs) monitored by management. Where the recoverable amount of the CGU is less than its carrying amount, including goodwill, an impairment loss is recognised in the Income Statement. The carrying amount of goodwill allocated to a CGU is taken into account when determining the gain or loss on disposal of the CGU, or of an operation within it. Intangible assets Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses. Internally generated intangibles, excluding capitalised development costs, are not capitalised and the related expenditure is reflected in profit or loss in the period in which the expenditure is incurred. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Intangible assets with indefinite useful lives are not amortised, but are tested for impairment annually, either individually or at the CGU level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-435": {
   "value": "Business combinations and goodwill Business combinations are accounted for under IFRS 3 Business Combinations using the purchase method. Any excess of the consideration of the business combination over the Group\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities is recognised in the Balance Sheet as goodwill and is not amortised. To the extent that the net fair value of the acquired entity\u2019s identifiable assets, liabilities and contingent liabilities is greater than the cost of the investment, a gain is recognised immediately in the Income Statement. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. After initial recognition, goodwill is stated at cost less any accumulated impairment losses, with the carrying value being reviewed for impairment, at least annually and whenever events or changes in circumstances indicate that the carrying value may be impaired. Any impairment of goodwill made cannot be reversed if circumstances subsequently change. For the purpose of impairment testing, goodwill is allocated to the related CGUs (or group of CGUs) monitored by management. Where the recoverable amount of the CGU is less than its carrying amount, including goodwill, an impairment loss is recognised in the Income Statement. The carrying amount of goodwill allocated to a CGU is taken into account when determining the gain or loss on disposal of the CGU, or of an operation within it. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-408": {
   "value": "Business combinations and goodwill Business combinations are accounted for under IFRS 3 Business Combinations using the purchase method. Any excess of the consideration of the business combination over the Group\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities is recognised in the Balance Sheet as goodwill and is not amortised. To the extent that the net fair value of the acquired entity\u2019s identifiable assets, liabilities and contingent liabilities is greater than the cost of the investment, a gain is recognised immediately in the Income Statement. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. After initial recognition, goodwill is stated at cost less any accumulated impairment losses, with the carrying value being reviewed for impairment, at least annually and whenever events or changes in circumstances indicate that the carrying value may be impaired. Any impairment of goodwill made cannot be reversed if circumstances subsequently change. For the purpose of impairment testing, goodwill is allocated to the related CGUs (or group of CGUs) monitored by management. Where the recoverable amount of the CGU is less than its carrying amount, including goodwill, an impairment loss is recognised in the Income Statement. The carrying amount of goodwill allocated to a CGU is taken into account when determining the gain or loss on disposal of the CGU, or of an operation within it. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-355": {
   "value": "Business combinations and goodwill Business combinations are accounted for under IFRS 3 Business Combinations using the purchase method. Any excess of the consideration of the business combination over the Group\u2019s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities is recognised in the Balance Sheet as goodwill and is not amortised. To the extent that the net fair value of the acquired entity\u2019s identifiable assets, liabilities and contingent liabilities is greater than the cost of the investment, a gain is recognised immediately in the Income Statement. Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. After initial recognition, goodwill is stated at cost less any accumulated impairment losses, with the carrying value being reviewed for impairment, at least annually and whenever events or changes in circumstances indicate that the carrying value may be impaired. Any impairment of goodwill made cannot be reversed if circumstances subsequently change. For the purpose of impairment testing, goodwill is allocated to the related CGUs (or group of CGUs) monitored by management. Where the recoverable amount of the CGU is less than its carrying amount, including goodwill, an impairment loss is recognised in the Income Statement. The carrying amount of goodwill allocated to a CGU is taken into account when determining the gain or loss on disposal of the CGU, or of an operation within it. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-356": {
   "value": "Property, plant and equipment Property, plant and equipment is stated at cost or deemed cost less accumulated depreciation and any impairment in value. Depreciation is calculated on a straight-line basis to write down the cost to the estimated residual value over the expected useful life of the asset as follows: Freehold buildings \u2013 Hotel accommodation and offices Up to 50 years Freehold buildings \u2013 Licensed retail property and unlicensed property From 50 to 100 years Leasehold improvements The term of the lease Roofs From 10 to 50 years Plant, machinery and vehicles, fixtures and fittings From three years up to 25 years As required under IAS 16 Property, Plant and Equipment, expected useful lives and residual values are reviewed every year. Land is not depreciated. An item of property, plant and equipment and any significant part initially recognised is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the Income Statement when the asset is derecognised. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-357": {
   "value": "Government grants Government grants are not recognised until there is reasonable assurance that the Group will comply with the conditions attached to them and that the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate. When the grant relates to an asset, it is recognised as income in equal amounts over the expected useful life of the related asset. Coronavirus Job Retention Scheme (\u201cCJRS\u201d) In the prior year, HMRC reimbursed up to 80% of the wages of certain employees who had been asked to stop working, but who were being kept on the payroll (\u201cfurloughed\u201d). The scheme was designed to compensate for staff costs, so amounts received are recognised in the Income Statement over the same period as the costs to which they relate. In the Income Statement, payroll costs are shown net of grant income. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-358": {
   "value": "Hive-up transaction When a subsidiary transfers its business to its parent immediately after acquisition (hive-up transaction) the assets are transferred at market value and the investment is reduced to reflect the net effect of a return of capital in the form of the underlying net assets with any difference taken to the merger reserve. ",
   "dimensions": {
    "concept": "fullersmithturnerplc:DescriptionOfAccountingPolicyForHiveUpTransaction",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-359": {
   "value": "Investment property The Group owns properties that are not used for the sale of goods or services but are held for capital appreciation or rental purposes. These properties are classified as investment properties and their carrying values are based on cost less impairment. Depreciation is calculated on a straight-line basis to write down the cost to the estimated residual value over the expected useful life of the asset, which for investment properties is between 50 and 100 years. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-360": {
   "value": "Intangible assets Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is their fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses. Internally generated intangibles, excluding capitalised development costs, are not capitalised and the related expenditure is reflected in profit or loss in the period in which the expenditure is incurred. The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each reporting period. Intangible assets with indefinite useful lives are not amortised, but are tested for impairment annually, either individually or at the CGU level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-361": {
   "value": "Research and development costs Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the Group can demonstrate: \u2022 The technical feasibility of completing the intangible asset so that the asset will be available for use or sale \u2022 Its intention to complete and its ability and intention to use or sell the asset \u2022 How the asset will generate future economic benefits \u2022 The availability of resources to complete the asset \u2022 The ability to measure reliably the expenditure during development. Following initial recognition of the development expenditure as an asset, the asset is carried at cost less any accumulated amortisation and accumulated impairment losses. Amortisation of the asset begins when development is complete and the asset is available for use and will be amortised over the period of expected future benefit. Amortisation is recorded in operating costs. During the period of development, the asset is tested for impairment annually. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-362": {
   "value": "Cloud Computing Arrangement costs Cloud computing arrangements are ones in which a customer does not have control of the underlying software and use the software on an as-needed basis. Costs associated with cloud computing arrangements can be recognised as an intangible asset when the Group can demonstrate ultimate control over the software, with the entity having the power to obtain sole future economic benefits from access to the software and restrict others\u2019 access to those benefits. Where the above criteria cannot be demonstrated, then the right to access the software over the contract term in the future is a service contract. If the Group determines that a cloud computing arrangement is a service contract, then it recognises the related expenditure when it receives the service. ",
   "dimensions": {
    "concept": "fullersmithturnerplc:DescriptionOfAccountingPolicyForCloudComputingArrangementCosts",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-363": {
   "value": "Impairment Carrying values are reviewed for impairment if events indicate that the carrying value of the asset may not be recoverable. If such an indicator exists and where the carrying values exceed the estimated recoverable amount, the assets or CGUs are written down to their recoverable amounts. An asset\u2019s recoverable amount is the greater of the fair value less costs to sell and the value in use. In assessing value in use, the estimated future cash flows are discounted to present value using a pre-tax discount rate that reflects the current market assessments of the time value of money and risks specific to the asset. In determining fair value less costs of disposal, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the smallest CGUs to which the asset belongs. The Group bases its impairment calculation on most recent management approved budgets and forecast calculations, which are prepared separately for each of the Group\u2019s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of two years. A long-term growth rate is calculated and applied to project future cash flows after the second year. For assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no longer exist or have decreased. If such indication exists, the Group estimates the asset\u2019s or CGU\u2019s recoverable amount. A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset\u2019s recoverable amount since the last impairment loss was recognised. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. Impairment losses, and any reversal of such losses, are recognised in the Income Statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-364": {
   "value": "Leases The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low value assets. The Group recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. a)  Right-of-use assets The Group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of- use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the lease term. b)  Lease liabilities At the commencement date of the lease, the Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. Variable lease payments that do not depend on an index or a rate are recognised as expenses in the period in which the event or condition that triggers the payment occurs. The lease payment also includes the exercise price of a purchase option reasonably certain to be exercised by the Group and payment of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. Extensions to leases are recognised when it is reasonably certain the option is going to be exercised. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. The carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term or a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments). The Group\u2019s lease liabilities are included in Cash, Borrowings and Net Debt (see note 21). c)  Short-term leases and leases of low value assets The Group applies the short-term lease recognition exemption to its short-term leases of equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short-term leases and leases of low value assets are recognised as expense on a straight- line basis over the lease term. Group as a lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Rental income arising is accounted for on a straight-line basis over the lease terms and is included in revenue in the Income Statement due to its operating nature. Assets held for sale and discontinued operations Assets are classified as held for sale when the carrying amount will be recovered principally through a sale transaction rather than continuing use. The criteria for held for sale classification are regarded as met only when the sale is highly probable and the asset or disposal group is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of the classification. Assets held for sale are valued at the lower of the carrying amount and fair value less costs to sell. No depreciation is charged whilst assets are classified as held for sale. In accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, results for the discontinued operations are presented separately in the Group\u2019s Income Statement (for which the comparatives and related notes have been restated). Additional disclosures are provided in note 19. All other notes to the financial statements include amounts for continuing operations, unless indicated otherwise. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-365": {
   "value": "Inventories Inventories are stated at the lower of cost and net realisable value. Cost is calculated using the \u201cAverage Weighted Cost\u201d method. Net realisable value is the estimated selling price in the ordinary course of business less estimated costs of completion and the costs to be incurred in marketing, selling and distribution. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-366": {
   "value": "Financial instruments Initial recognition and derecognition A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the financial instrument. Financial assets are derecognised when the contractual rights to the cash flows from the financial asset expire, or when the financial asset and substantially all the risks and rewards are transferred. A financial liability is derecognised when it is extinguished, discharged, cancelled or expires. Financial assets Recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, fair value through other comprehensive income (\u201cOCI\u201d) and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component are measured at the transaction price in accordance with IFRS 15. There are three measurement categories into which the Group classifies its debt instruments: \u2022 Amortised cost: Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the statement of profit or loss. The Group\u2019s cash and cash equivalents, trade and other receivables fall into this category. \u2022 Fair value through OCI (\u201cFVOCI\u201d): Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets\u2019 cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI and will be recycled upon derecognition of the asset. \u2022 Fair value through profit or loss (\u201cFVPL\u201d): Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises. Impairment IFRS 9\u2019s impairment requirements use more forward-looking information to recognise expected credit losses \u2013 the expected credit loss (\u201cECL\u201d) model. Recognition of credit losses is no longer dependent on the Group first identifying a credit loss event. Instead, the Group considers a broader range of information when assessing credit risk and measuring expected credit losses, including past events, current conditions, reasonable and supportable forecasts that affect the future cash flows of the instrument. When assessing impairment for trade receivables, the Group has applied the simplified approach to expected credit losses as per IFRS 9 Financial Instruments. The model focuses on an appraisal of the risk that a receivable will default rather than whether a loss has been incurred. This involves an unbiased assessment of a range of possible outcomes and their probabilities of occurrence, and is supported by past experience of collecting payments as well as changes in economic conditions that correlate with default on receivables. Expected credit losses are initially determined based on the Group\u2019s historical credit loss experience, any forward-looking factors specific to a particular trade receivable and the current economic environment. The timing of initial recognition for impairment losses is the same period that the asset is recognised. Movements in expected credit losses are recognised in the Income Statement within operating costs. At the point a trade receivable is written off the ledger as uncollectable, the cost is charged against the allowance account and any subsequent recoveries of amounts previously written off are credited to the Income Statement. In the Parent Company, amounts due from subsidiary undertakings are recognised at their original amount less allowance for impairment based on the ECL model. In determining the model, the Company considers the net assets and the resources available to that subsidiary. Financial liabilities Recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group\u2019s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, derivative financial instruments and lease liabilities. For purposes of subsequent measurement, financial liabilities are classified in two categories: \u2022 Financial liabilities at fair value through profit or loss which are measured subsequently at fair value with gains or losses recognised in the Income Statement \u2022 Financial liabilities at amortised cost (loans and borrowings) which are measured using the effective interest method. Bank loans, overdrafts and debentures Interest bearing bank loans, overdrafts and debentures are initially recorded at the fair value of proceeds received, net of direct issue costs, and thereafter at amortised cost. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an effective interest rate basis in the Income Statement. Finance charges are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise. Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the consolidated statement of financial position if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously. Derivative financial instruments and hedge accounting Recognition and measurement The Group uses interest rate swaps to hedge its interest rate risks. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. For the purpose of hedge accounting, hedges are classified as: \u2022 Fair value hedges when hedging the exposure to changes in the fair value of a recognised asset or liability or an unrecognised firm commitment \u2022 Cash flow hedges when hedging the exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment \u2022 Hedges of a net investment in a foreign operation. At the inception of a hedge relationship, the Group formally designates and documents the hedge relationship to which it wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged and how the Group will assess whether the hedging relationship meets the hedge effectiveness requirements (including the analysis of sources of hedge ineffectiveness and how the hedge ratio is determined). A hedging relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: \u2022 There is \u201can economic relationship\u201d between the hedged item and the hedging instrument \u2022 The effect of credit risk does not \u201cdominate the value changes\u201d that result from that economic relationship \u2022 The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group actually hedges and the quantity of the hedging instrument that the Group actually uses to hedge that quantity of hedged item. Hedges that meet all the qualifying criteria for hedge accounting are accounted for, as described below. The Group has interest rate swaps which are classified as cash flow hedges. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in the cash flow hedge reserve within equity. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss, within other gains/(losses). Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss, in the same line as the recognised hedged item. If cash flow hedge accounting is discontinued, the amount that has been accumulated in OCI must remain in accumulated OCI if the hedged future cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. When a hedging instrument expires, or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, but the risk management objective remains the same, the hedge ratio is adjusted so that it meets the qualifying criteria again. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-409": {
   "value": "Financial assets Recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, fair value through other comprehensive income (\u201cOCI\u201d) and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset\u2019s contractual cash flow characteristics and the Group\u2019s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component are measured at the transaction price in accordance with IFRS 15. There are three measurement categories into which the Group classifies its debt instruments: \u2022 Amortised cost: Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the statement of profit or loss. The Group\u2019s cash and cash equivalents, trade and other receivables fall into this category. \u2022 Fair value through OCI (\u201cFVOCI\u201d): Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets\u2019 cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI and will be recycled upon derecognition of the asset. \u2022 Fair value through profit or loss (\u201cFVPL\u201d): Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises. Impairment IFRS 9\u2019s impairment requirements use more forward-looking information to recognise expected credit losses \u2013 the expected credit loss (\u201cECL\u201d) model. Recognition of credit losses is no longer dependent on the Group first identifying a credit loss event. Instead, the Group considers a broader range of information when assessing credit risk and measuring expected credit losses, including past events, current conditions, reasonable and supportable forecasts that affect the future cash flows of the instrument. When assessing impairment for trade receivables, the Group has applied the simplified approach to expected credit losses as per IFRS 9 Financial Instruments. The model focuses on an appraisal of the risk that a receivable will default rather than whether a loss has been incurred. This involves an unbiased assessment of a range of possible outcomes and their probabilities of occurrence, and is supported by past experience of collecting payments as well as changes in economic conditions that correlate with default on receivables. Expected credit losses are initially determined based on the Group\u2019s historical credit loss experience, any forward-looking factors specific to a particular trade receivable and the current economic environment. The timing of initial recognition for impairment losses is the same period that the asset is recognised. Movements in expected credit losses are recognised in the Income Statement within operating costs. At the point a trade receivable is written off the ledger as uncollectable, the cost is charged against the allowance account and any subsequent recoveries of amounts previously written off are credited to the Income Statement. In the Parent Company, amounts due from subsidiary undertakings are recognised at their original amount less allowance for impairment based on the ECL model. In determining the model, the Company considers the net assets and the resources available to that subsidiary. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-437": {
   "value": "Impairment IFRS 9\u2019s impairment requirements use more forward-looking information to recognise expected credit losses \u2013 the expected credit loss (\u201cECL\u201d) model. Recognition of credit losses is no longer dependent on the Group first identifying a credit loss event. Instead, the Group considers a broader range of information when assessing credit risk and measuring expected credit losses, including past events, current conditions, reasonable and supportable forecasts that affect the future cash flows of the instrument. When assessing impairment for trade receivables, the Group has applied the simplified approach to expected credit losses as per IFRS 9 Financial Instruments. The model focuses on an appraisal of the risk that a receivable will default rather than whether a loss has been incurred. This involves an unbiased assessment of a range of possible outcomes and their probabilities of occurrence, and is supported by past experience of collecting payments as well as changes in economic conditions that correlate with default on receivables. Expected credit losses are initially determined based on the Group\u2019s historical credit loss experience, any forward-looking factors specific to a particular trade receivable and the current economic environment. The timing of initial recognition for impairment losses is the same period that the asset is recognised. Movements in expected credit losses are recognised in the Income Statement within operating costs. At the point a trade receivable is written off the ledger as uncollectable, the cost is charged against the allowance account and any subsequent recoveries of amounts previously written off are credited to the Income Statement. In the Parent Company, amounts due from subsidiary undertakings are recognised at their original amount less allowance for impairment based on the ECL model. In determining the model, the Company considers the net assets and the resources available to that subsidiary. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-410": {
   "value": "Financial liabilities Recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group\u2019s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, derivative financial instruments and lease liabilities. For purposes of subsequent measurement, financial liabilities are classified in two categories: \u2022 Financial liabilities at fair value through profit or loss which are measured subsequently at fair value with gains or losses recognised in the Income Statement \u2022 Financial liabilities at amortised cost (loans and borrowings) which are measured using the effective interest method. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-411": {
   "value": "Bank loans, overdrafts and debentures Interest bearing bank loans, overdrafts and debentures are initially recorded at the fair value of proceeds received, net of direct issue costs, and thereafter at amortised cost. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an effective interest rate basis in the Income Statement. Finance charges are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-412": {
   "value": "Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the consolidated statement of financial position if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-446": {
   "value": "Derivative financial instruments and hedge accounting Recognition and measurement The Group uses interest rate swaps to hedge its interest rate risks. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. For the purpose of hedge accounting, hedges are classified as: \u2022 Fair value hedges when hedging the exposure to changes in the fair value of a recognised asset or liability or an unrecognised firm commitment \u2022 Cash flow hedges when hedging the exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment \u2022 Hedges of a net investment in a foreign operation. At the inception of a hedge relationship, the Group formally designates and documents the hedge relationship to which it wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged and how the Group will assess whether the hedging relationship meets the hedge effectiveness requirements (including the analysis of sources of hedge ineffectiveness and how the hedge ratio is determined). A hedging relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: \u2022 There is \u201can economic relationship\u201d between the hedged item and the hedging instrument \u2022 The effect of credit risk does not \u201cdominate the value changes\u201d that result from that economic relationship \u2022 The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group actually hedges and the quantity of the hedging instrument that the Group actually uses to hedge that quantity of hedged item. Hedges that meet all the qualifying criteria for hedge accounting are accounted for, as described below. The Group has interest rate swaps which are classified as cash flow hedges. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in the cash flow hedge reserve within equity. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss, within other gains/(losses). Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss, in the same line as the recognised hedged item. If cash flow hedge accounting is discontinued, the amount that has been accumulated in OCI must remain in accumulated OCI if the hedged future cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. When a hedging instrument expires, or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, but the risk management objective remains the same, the hedge ratio is adjusted so that it meets the qualifying criteria again. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-436": {
   "value": "Derivative financial instruments and hedge accounting Recognition and measurement The Group uses interest rate swaps to hedge its interest rate risks. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. For the purpose of hedge accounting, hedges are classified as: \u2022 Fair value hedges when hedging the exposure to changes in the fair value of a recognised asset or liability or an unrecognised firm commitment \u2022 Cash flow hedges when hedging the exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment \u2022 Hedges of a net investment in a foreign operation. At the inception of a hedge relationship, the Group formally designates and documents the hedge relationship to which it wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged and how the Group will assess whether the hedging relationship meets the hedge effectiveness requirements (including the analysis of sources of hedge ineffectiveness and how the hedge ratio is determined). A hedging relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: \u2022 There is \u201can economic relationship\u201d between the hedged item and the hedging instrument \u2022 The effect of credit risk does not \u201cdominate the value changes\u201d that result from that economic relationship \u2022 The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group actually hedges and the quantity of the hedging instrument that the Group actually uses to hedge that quantity of hedged item. Hedges that meet all the qualifying criteria for hedge accounting are accounted for, as described below. The Group has interest rate swaps which are classified as cash flow hedges. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in the cash flow hedge reserve within equity. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss, within other gains/(losses). Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss, in the same line as the recognised hedged item. If cash flow hedge accounting is discontinued, the amount that has been accumulated in OCI must remain in accumulated OCI if the hedged future cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. When a hedging instrument expires, or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, but the risk management objective remains the same, the hedge ratio is adjusted so that it meets the qualifying criteria again. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-413": {
   "value": "Derivative financial instruments and hedge accounting Recognition and measurement The Group uses interest rate swaps to hedge its interest rate risks. Such derivative financial instruments are initially recognised at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. For the purpose of hedge accounting, hedges are classified as: \u2022 Fair value hedges when hedging the exposure to changes in the fair value of a recognised asset or liability or an unrecognised firm commitment \u2022 Cash flow hedges when hedging the exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment \u2022 Hedges of a net investment in a foreign operation. At the inception of a hedge relationship, the Group formally designates and documents the hedge relationship to which it wishes to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged and how the Group will assess whether the hedging relationship meets the hedge effectiveness requirements (including the analysis of sources of hedge ineffectiveness and how the hedge ratio is determined). A hedging relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: \u2022 There is \u201can economic relationship\u201d between the hedged item and the hedging instrument \u2022 The effect of credit risk does not \u201cdominate the value changes\u201d that result from that economic relationship \u2022 The hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group actually hedges and the quantity of the hedging instrument that the Group actually uses to hedge that quantity of hedged item. Hedges that meet all the qualifying criteria for hedge accounting are accounted for, as described below. The Group has interest rate swaps which are classified as cash flow hedges. The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in the cash flow hedge reserve within equity. The gain or loss relating to the ineffective portion is recognised immediately in profit or loss, within other gains/(losses). Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss, in the same line as the recognised hedged item. If cash flow hedge accounting is discontinued, the amount that has been accumulated in OCI must remain in accumulated OCI if the hedged future cash flows are still expected to occur. Otherwise, the amount will be immediately reclassified to profit or loss as a reclassification adjustment. When a hedging instrument expires, or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, but the risk management objective remains the same, the hedge ratio is adjusted so that it meets the qualifying criteria again. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-367": {
   "value": "Classification of shares as debt or equity When shares are issued, any component that creates a financial liability of the Company or Group is presented as a liability in the Balance Sheet; measured initially at fair value net of transaction costs and thereafter at amortised cost until extinguished on conversion or redemption. The corresponding dividends relating to the liability component are charged as interest expense in the Income Statement. The initial fair value of the liability component is determined using a market rate for an equivalent liability without a conversion feature. The remainder of the proceeds on issue is allocated to the equity component and included in shareholders\u2019 equity, net of transaction costs. The carrying amount of the equity component is not remeasured in subsequent years. The Group\u2019s ordinary shares are classified as equity instruments. For the purposes of the disclosures given in note 25, the Group considers its capital to comprise its ordinary share capital, share premium, capital redemption reserve, hedging reserve and accumulated retained earnings plus its preference shares which are classified as a financial liability in the Balance Sheet. There have been no changes to what the Group considers to be capital since the prior year. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-368": {
   "value": "Preference shares The Group\u2019s preference shares are reported under non-current liabilities. The corresponding dividends on preference shares are charged as interest in the Income Statement. Preference share dividends are at fixed rates. ",
   "dimensions": {
    "concept": "fullersmithturnerplc:DescriptionOfAccountingPolicyForPreferenceShares",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-369": {
   "value": "Revenue Revenue is recognised under IFRS 15 upon application of the following steps: \u2022 Identify the contract with a customer \u2022 Identify the performance obligations in the contract \u2022 Determine the transaction price \u2022 Allocate the transaction price to each performance obligation \u2022 Recognise revenue when a performance obligation is satisfied by transferring a promised good or service to a customer. Managed Pubs and Hotels revenue primarily consists of food, drink and accommodation sales. Food and drink revenue is recognised when control of the goods/ services has transferred, being at the point the customer purchases the food or drink. The Group also takes bookings for events and accommodation which require a deposit to secure the booking. A contract liability for the deposit is recognised at the time of the sale. The contract liability is released and revenue is recognised on a straight-line basis over the duration of the room occupation or event. A contract liability is recognised until the event is complete or the guest has occupied the room. The Group also earns revenue through selling drink to the Tenanted Inns division which is supplied to Fuller\u2019s by Asahi under the Long-Term Supply Agreement (\u201cLTSA\u201d). Revenue is recognised as though the Group is the principal as it has primary responsibility over the product and also bears the inventory risk. Revenue is recognised under IFRS 16 where the Group receives rental income from Tenanted and unlicensed properties. This is recognised on a straight-line basis over the lease term. Some rental income includes turnover rent which is based on the percentage of the income generated by that pub. This is recognised when the revenue is earned. Revenue is recognised for machine income when net takings are earned. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-370": {
   "value": "Borrowing costs Borrowing costs directly attributable to the acquisition or construction of an asset that takes a substantial period of time to get ready for use are capitalised as part of the cost of the asset being created. This is applied to development projects where the development is expected to last in excess of six months at the commencement of the project. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-371": {
   "value": "Separately disclosed items The Group presents as separately disclosed items on the face of the Income Statement those material items of income and expense which, because of the nature or expected infrequency of the events giving rise to them, merit separate presentation to allow shareholders to understand better the elements of financial performance in the year, so as to facilitate comparison with prior periods and to better assess trends in financial performance. Separately disclosed items are a key element used to demonstrate the underlying performance of the Group and reported as an alternative performance measure within the management commentary for the reporting period. ",
   "dimensions": {
    "concept": "fullersmithturnerplc:DescriptionOfAccountingPolicyForSeparatelyDisclosedItems",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-372": {
   "value": "Share-based payments The Group has an employee Share Incentive Plan that awards shares to employees based on the reported profits of the Group for the year, and a Long-Term Incentive Plan that awards shares to Directors and Senior Executives subject to specific performance criteria. The Group also issues equity-settled share-based payments to certain employees under approved and unapproved share option schemes and a Savings Related Share Option Scheme. The cost of equity-settled transactions with employees is measured by reference to the fair value of the equity instruments at the date at which they are granted and is recognised as an expense over the vesting period, which ends on the date on which the relevant employees become fully entitled to the award. Fair value is determined using an appropriate pricing model. In valuing equity-settled transactions, no account is taken of any vesting conditions. The Group has no equity-settled transactions that are linked to the price of the shares of the Company (market conditions). No expense is recognised for awards that do not ultimately vest. At each Balance Sheet date before vesting, the cumulative expense is calculated, representing the extent to which the vesting period has expired and management\u2019s best estimate of the achievement or otherwise of non-market conditions and of the number of equity instruments that will ultimately vest. The movement in cumulative expense since the previous Balance Sheet date is recognised in the Income Statement, with a corresponding entry in equity. Where the terms of an equity-settled award are modified or a new award is designated as replacing a cancelled or settled award, the cost based on the original award terms continues to be recognised over the original vesting period. In addition, an expense is recognised over the remainder of the new vesting period for the incremental fair value of any modification, based on the difference between the fair value of the original award and the fair value of the modified award, both as measured on the date of the modification. No reduction is recognised if this difference is negative. Where an equity-settled award is cancelled (including when a non-vesting condition within the control of the entity or employee is not met), it is treated as if it had vested on the date of cancellation, and any cost not yet recognised in the Income Statement for the award is expensed immediately. Any compensation paid up to the fair value of the award at the cancellation or settlement date is deducted from equity, with any excess over fair value being treated as an expense in the Income Statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-373": {
   "value": "Own shares Shares to be awarded under employee incentive plans and those that have been awarded but have yet to vest unconditionally are held at cost by an employee share ownership trust (\u201cESOT\u201d) and shown as a deduction from equity in the Balance Sheet. ESOT is an independently managed trust and not controlled by the Group. In addition to the purchase of shares by the various ESOTs for specific awards, the Group also from time to time acquires own shares to be held as treasury shares. These shares are occasionally but not exclusively used to satisfy awards under various share option schemes. Treasury shares are held at cost and shown as a deduction from total equity in the Balance Sheet. Consideration received for the sale of such shares is also recognised in equity, with any difference between the proceeds from sale and the original cost being taken to reserves. No gain or loss is recognised in the profit or loss on the purchase, sale, issue or cancellation of treasury shares. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-374": {
   "value": "Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax The current tax payable is based on taxable profit for the year using UK tax rates enacted or substantively enacted at the Balance Sheet date and any adjustment to tax payable in respect of previous years. Taxable profit differs from net profit as reported in the Income Statement because it excludes items of income or expense that are taxable or deductible in other years or are never taxable or deductible. Deferred tax Deferred tax is recognised on temporary differences at the Balance Sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax liabilities are recognised for all taxable temporary differences. Deferred tax assets are recognised for all deductible temporary differences, carry-forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which they can be utilised. Such deferred tax assets and liabilities are not recognised where the asset or liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss. The carrying amount of deferred tax assets is reviewed at each Balance Sheet date. Deferred tax is not recognised in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets and liabilities and where the deferred tax balance relates to the same taxation entities. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the periods when the asset is realised or the liability is settled, based on tax rates and laws enacted or substantively enacted at the Balance Sheet date. Current and deferred tax for the year Current and deferred tax are recognised in the Income Statement except when they relate to items that are recognised in the Statement of Comprehensive Income or in equity, in which case the current and deferred tax are also recognised in the Statement of Comprehensive Income or directly in equity respectively. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-414": {
   "value": "Deferred tax Deferred tax is recognised on temporary differences at the Balance Sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax liabilities are recognised for all taxable temporary differences. Deferred tax assets are recognised for all deductible temporary differences, carry-forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which they can be utilised. Such deferred tax assets and liabilities are not recognised where the asset or liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss. The carrying amount of deferred tax assets is reviewed at each Balance Sheet date. Deferred tax is not recognised in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current tax assets and liabilities and where the deferred tax balance relates to the same taxation entities. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the periods when the asset is realised or the liability is settled, based on tax rates and laws enacted or substantively enacted at the Balance Sheet date. Current and deferred tax for the year Current and deferred tax are recognised in the Income Statement except when they relate to items that are recognised in the Statement of Comprehensive Income or in equity, in which case the current and deferred tax are also recognised in the Statement of Comprehensive Income or directly in equity respectively. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-375": {
   "value": "Pensions and other post-employment benefits Defined contribution schemes Payments to defined contribution retirement benefit schemes are charged to the Income Statement as they fall due. Defined benefit schemes The Group operated a defined benefit pension plan for eligible employees where contributions were made into a separate fund administered by Trustees. The Scheme closed to future accrual in January 2015. The cost of providing benefits under the defined benefit plan is determined using the projected unit credit method calculated by qualified actuaries. This attributes entitlement to benefits to the current period (to determine current service cost) and to the current and prior periods (to determine the present value of defined benefit obligation) and is based on actuarial advice. Past service cost is recognised as an expense at the earlier of the date when a plan amendment or curtailment occurs and the date when an entity recognises any termination benefits, or related restructuring costs under IAS 37 Provisions, Contingent Liabilities and Contingent Assets. When a settlement (eliminating all obligations for benefits already accrued) or a curtailment (reducing future obligations as a result of a material reduction in the scheme membership or a reduction in future entitlement) occurs, the obligation and related plan assets are remeasured using current actuarial assumptions and the resultant gain or loss is recognised in the Income Statement during the period in which the settlement or curtailment occurs. The Group determines the net interest charge/(credit) on the net defined benefit liability/(asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the period to the net pension liability/(asset) at the beginning of the period. The net interest charge/(credit) is recognised immediately as a separately disclosed finance cost/(income) in the Income Statement. Actuarial gains and losses are recognised in full in the Statement of Comprehensive Income in the period in which they occur. The defined benefit pension asset or liability in the Balance Sheet comprises the total of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is restricted to the sum of the present value of any amount the Group expects to recover by way of refunds from the plan or reductions in the future contributions. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-376": {
   "value": "Foreign currencies Transactions denominated in foreign currencies are recorded at the rates of exchange ruling at the dates of the transactions. Monetary assets and liabilities are translated at the year end exchange rates and the resulting exchange differences are taken to the Income Statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-377": {
   "value": "Dividends Dividends recommended by the Board but unpaid at the year end are not recognised in the financial statements until they are paid (in the case of the interim dividend) or approved by shareholders at the Annual General Meeting (in the case of the final dividend). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-378": {
   "value": "The Company\u2019s investments in subsidiaries In its separate financial statements, the Parent Company recognises its investment in its subsidiaries on the basis of cost less provision for impairment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-415": {
   "value": "New standards and interpretations issued but not yet applied The International Accounting Standards Board and International Financial Reporting Interpretations Committee have issued the following standards and interpretations with an effective date for periods starting on or before the date on which these financial statements start: \u2022 Amendments to IAS 1: Classification of Liabilities as Current and Non-current (effected 1 January 2023) \u2022 Reference to the Conceptual Framework \u2013 Amendments to IFRS 3 (effected 1 January 2022) \u2022 Property, Plant and Equipment: Proceeds before Intended Use \u2013 Amendments to IAS 16 (effected 1 January 2022) \u2022 IFRS 17 Insurance Contracts (effected 1 January 2023) \u2022 Onerous Contract \u2013 Costs of Fulfilling a Contract \u2013 Amendments to IAS 37 (effected 1 January 2022) \u2022 Definition of Accounting Estimates \u2013 Amendments to IAS 8 (effected 1 January 2022) \u2022 Disclosure of Accounting Policies \u2013 Amendments to IAS 1 and IFRS Practice Statement 2 (effected 1 January 2022) \u2022 Deferred Tax related to Assets and Liabilities arising from a Single Transaction \u2013 Amendments to IAS 12 (effected 1 January 2022) \u2022 IFRS 9 Financial Instruments \u2013 Fees in the \u201c10 per cent\u201d test for derecognition of financial liabilities (effected 1 January 2022). The adoption of the above standards have not lead to material effect in the financial statements. Other new standards and interpretations in issue but not yet effective are not applicable to the Company and therefore are not expected to have material impact on the Group\u2019s financial position and results. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-379": {
   "value": "New standards and interpretations issued but not yet applied The International Accounting Standards Board and International Financial Reporting Interpretations Committee have issued the following standards and interpretations with an effective date for periods starting on or before the date on which these financial statements start: \u2022 Amendments to IAS 1: Classification of Liabilities as Current and Non-current (effected 1 January 2023) \u2022 Reference to the Conceptual Framework \u2013 Amendments to IFRS 3 (effected 1 January 2022) \u2022 Property, Plant and Equipment: Proceeds before Intended Use \u2013 Amendments to IAS 16 (effected 1 January 2022) \u2022 IFRS 17 Insurance Contracts (effected 1 January 2023) \u2022 Onerous Contract \u2013 Costs of Fulfilling a Contract \u2013 Amendments to IAS 37 (effected 1 January 2022) \u2022 Definition of Accounting Estimates \u2013 Amendments to IAS 8 (effected 1 January 2022) \u2022 Disclosure of Accounting Policies \u2013 Amendments to IAS 1 and IFRS Practice Statement 2 (effected 1 January 2022) \u2022 Deferred Tax related to Assets and Liabilities arising from a Single Transaction \u2013 Amendments to IAS 12 (effected 1 January 2022) \u2022 IFRS 9 Financial Instruments \u2013 Fees in the \u201c10 per cent\u201d test for derecognition of financial liabilities (effected 1 January 2022). The adoption of the above standards have not lead to material effect in the financial statements. Other new standards and interpretations in issue but not yet effective are not applicable to the Company and therefore are not expected to have material impact on the Group\u2019s financial position and results. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-380": {
   "value": "2. <span class=\"_ _a\"> </span>Se<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Operating<span class=\"_ _6\"></span> Segments<span class=\"_ _2db\"> </span>Fo<span class=\"_ _0\"></span>r man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Pu<span class=\"_ _0\"></span>bs an<span class=\"_ _0\"></span>d Ho<span class=\"_ _0\"></span>tels, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>tels, B<span class=\"_ _0\"></span>el &amp; T<span class=\"_ _0\"></span>he D<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>gon a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wol<span class=\"_ _0\"></span>d Inns &amp; H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els.<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">Tenant<span class=\"_ _0\"></span>ed In<span class=\"_ _0\"></span>ns, w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s pub<span class=\"_ _0\"></span>s op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>hird p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ties u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r ten<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy o<span class=\"_ _0\"></span>r lea<span class=\"_ _0\"></span>se ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t impo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to ev<span class=\"_ _0\"></span>alua<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s is adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>, adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> it<span class=\"_ _0\"></span>ems<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s are o<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>anise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ding to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed, w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h ea<span class=\"_ _0\"></span>ch s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t rep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing a s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gic op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting u<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed P<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Hot<span class=\"_ _0\"></span>els op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ggr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to on<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e basis t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y hav<span class=\"_ _0\"></span>e similar e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>. Ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e similar ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e, ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>ks, an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n on c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al. A<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>ch, t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ggr<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>a in par<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ph 12 IF<span class=\"_ _0\"></span>RS 8 Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ting S<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (ame<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d). M<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ails of the<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e giv<span class=\"_ _0\"></span>en in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>gic Re<span class=\"_ _0\"></span>por<span class=\"_ _1\"></span>t on p<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s 1 to 6<span class=\"_ _0\"></span>5 of t<span class=\"_ _0\"></span>his r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. As s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilitie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>gularl<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e Chie<span class=\"_ _0\"></span>f Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g De<span class=\"_ _0\"></span>cision M<span class=\"_ _0\"></span>aker (\u201cC<span class=\"_ _0\"></span>OD<span class=\"_ _0\"></span>M\u201d)<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s elec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed, a<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S 8 Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts (am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>), no<span class=\"_ _0\"></span>t to dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>e a me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and liabilitie<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span>Managed Pubs and Hot<span class=\"_ _0\"></span>els \u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>enanted Inns \u00a3m<span class=\"_ _2db\"> </span>Unallocated<span class=\"_ _2db\"> </span>1 \u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>otal continuing operations \u00a3m<span class=\"_ _2db\"> </span>Revenue<span class=\"_ _2db\"> </span>Sale o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _1c5\"> </span><span class=\"ff4 ls39 ws37\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _e8\"> </span>2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _c9\"> </span><span class=\"ff4 ls3a ws38\">292.8<span class=\"_ _2db\"> </span></span></span>Accommoda<span class=\"_ _0\"></span>tion i<span class=\"_ _6\"></span>ncome<span class=\"_ _1c6\"> </span><span class=\"ff4 ls1 ws1\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.7<span class=\"_ _36\"> </span><span class=\"ff3a\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _dd\"> </span></span>3<span class=\"_ _1\"></span>3.7<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _6\"></span> reve<span class=\"_ _6\"></span>nu<span class=\"_ _6\"></span>e f<span class=\"_ _6\"></span>rom<span class=\"_ _6\"></span> contra<span class=\"_ _6\"></span>cts with<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>ustomers<span class=\"_ _1c7\"> </span><span class=\"lsea ws81\">305.3<span class=\"_ _dd\"> </span><span class=\"ls39 ws37\">2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _36\"> </span><span class=\"ff3a ls1 ws1\">\u2013<span class=\"_ _91\"> </span></span><span class=\"ls80 wse4\">326.5<span class=\"_ _2db\"> </span></span></span></span>Rental income<span class=\"_ _1c8\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _b1\"> </span><span class=\"ls37 ws35\">8<span class=\"_ _0\"></span>.6<span class=\"_ _8b\"> </span></span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _9a\"> </span><span class=\"ff4 ls85 ws9b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span>Revenue<span class=\"_ _1c9\"> </span><span class=\"ls80 wse4\">30<span class=\"_ _0\"></span>6.8<span class=\"_ _2e\"> </span><span class=\"lsc5 wsbf\">2<span class=\"_ _0\"></span>9.8<span class=\"_ _36\"> </span><span class=\"ff3a ls1 ws1\">\u2013<span class=\"_ _c9\"> </span></span><span class=\"ls37 ws35\">3<span class=\"_ _0\"></span>36.6<span class=\"_ _2db\"> </span></span></span></span>Segment result<span class=\"_ _1ca\"> </span><span class=\"lsc5 wsaf\"> 30.0 <span class=\"_ _96\"> </span><span class=\"ls3b wsb0\"> 13.<span class=\"_ _1\"></span>2 <span class=\"_ _40\"> </span><span class=\"ls85 ws3f\"> (<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.1)<span class=\"_ _96\"> </span> 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> </span></span></span>Operating<span class=\"_ _6\"></span> separately<span class=\"_ _6\"></span> di<span class=\"_ _6\"></span>scl<span class=\"_ _6\"></span>osed item<span class=\"_ _6\"></span>s<span class=\"_ _1cb\"> </span><span class=\"ff4 ls13 ws39\"> (14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2)<span class=\"_ _2db\"> </span></span>Ope<span class=\"_ _6\"></span>ratin<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span> profit<span class=\"_ _1cc\"> </span><span class=\"ls3d ws4a\"> 10.<span class=\"_ _0\"></span>9 </span>Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _1cd\"> </span><span class=\"ff4 ls14e ws5b\"> 11.<span class=\"_ _1\"></span>8 </span>Net fi<span class=\"_ _6\"></span>nance<span class=\"_ _6\"></span> costs<span class=\"_ _1ce\"> </span><span class=\"ff4 ls4e ws3b\"> (12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span>Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _1ce\"> </span><span class=\"ls3d ws4a\"> 10.<span class=\"_ _0\"></span>3 </span>Ot<span class=\"_ _0\"></span>her segment infor<span class=\"_ _0\"></span>mation<span class=\"_ _2db\"> </span>Ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _54\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _e7\"> </span><span class=\"ws1\">4.7<span class=\"_ _5f\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _1\"></span>.1<span class=\"_ _41\"> </span><span class=\"lsc5 wsaf\"> 30.0 </span></span></span></span>Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _1cf\"> </span><span class=\"ff4 ls80 wse4\">23.4<span class=\"_ _170\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _168\"> </span><span class=\"ls39 ws37\">1.<span class=\"_ _0\"></span>0<span class=\"_ _41\"> </span></span> 2<span class=\"_ _1\"></span>6.7 </span></span>Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, right-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _1d0\"> </span><span class=\"ff4 ls3b wsb0\"> 12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _e7\"> </span><span class=\"ls39 ws6e\"> 1.<span class=\"_ _1\"></span>8 <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _96\"> </span><span class=\"ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3 </span></span></span></span>5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span>Managed Pubs and Hot<span class=\"_ _0\"></span>els \u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>enanted Inns \u00a3m<span class=\"_ _2db\"> </span>Unallocated<span class=\"_ _2db\"> </span>1<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>otal continuing operations \u00a3m<span class=\"_ _2db\"> </span>Revenue<span class=\"_ _2db\"> </span>Sale o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _1d1\"> </span><span class=\"ls15a ws14c\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>7.<span class=\"_ _59\"></span>9<span class=\"_ _e6\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span><span class=\"ls5c ws4a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3.0<span class=\"_ _2db\"> </span></span></span>Accommoda<span class=\"_ _0\"></span>tion i<span class=\"_ _6\"></span>ncome<span class=\"_ _1d2\"> </span><span class=\"ls48 wse3\">2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _88\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _9a\"> </span></span>2<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _6\"></span> reve<span class=\"_ _6\"></span>nu<span class=\"_ _6\"></span>e f<span class=\"_ _6\"></span>rom<span class=\"_ _6\"></span> contra<span class=\"_ _6\"></span>cts with<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>ustomers<span class=\"_ _134\"> </span><span class=\"ff3a ls156 ws144\">2<span class=\"_ _59\"></span>2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>0<span class=\"_ _e7\"> </span>1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _44\"> </span><span class=\"ls14 ws10\">24<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span></span>Rental income<span class=\"_ _bd\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _b7\"> </span><span class=\"ls156 ws144\">7.1<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">8<span class=\"_ _0\"></span>.9<span class=\"_ _2db\"> </span></span></span></span></span>Revenue<span class=\"_ _1d3\"> </span><span class=\"ff3a ls33 ws30\">228<span class=\"_ _0\"></span>.8<span class=\"_ _e8\"> </span><span class=\"ls12 ws91\">25.0<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span><span class=\"ls5c ws4a\">25<span class=\"_ _0\"></span>3.8<span class=\"_ _2db\"> </span></span></span></span></span>Segment result<span class=\"_ _1a0\"> </span><span class=\"ff3a ls14 ws10\">24<span class=\"_ _0\"></span>.7<span class=\"_ _e7\"> </span><span class=\"ls15a ws14c\">11.1<span class=\"_ _9a\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>7.<span class=\"_ _59\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _16a\"> </span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.5<span class=\"_ _2db\"> </span></span></span></span></span>Operating<span class=\"_ _6\"></span> separately<span class=\"_ _6\"></span> di<span class=\"_ _6\"></span>scl<span class=\"_ _6\"></span>osed item<span class=\"_ _6\"></span>s<span class=\"_ _1d4\"> </span><span class=\"ls94 ws44\">(2.<span class=\"_ _0\"></span>0)<span class=\"_ _2db\"> </span></span>Ope<span class=\"_ _6\"></span>ratin<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span> profit<span class=\"_ _1d5\"> </span><span class=\"ff3a ls158 ws14f\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span>Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>al of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties<span class=\"_ _1d6\"> </span><span class=\"ls12 ws91\">6.3<span class=\"_ _2db\"> </span></span>Net fi<span class=\"_ _6\"></span>nance<span class=\"_ _6\"></span> costs<span class=\"_ _1d7\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span>Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _1d8\"> </span><span class=\"ff3a ls159 ws147\">11.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span>Ot<span class=\"_ _0\"></span>her segment infor<span class=\"_ _0\"></span>mation<span class=\"_ _2db\"> </span>Ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd int<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _118\"> </span><span class=\"ls12 ws91\">2<span class=\"_ _0\"></span>0.2<span class=\"_ _1ac\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _1ac\"> </span><span class=\"ls7b ws7b\">2.6<span class=\"_ _9a\"> </span><span class=\"ls15a ws14c\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></span></span>Dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _1d9\"> </span><span class=\"ls5c ws4a\">23.3<span class=\"_ _b9\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _b9\"> </span><span class=\"ls125 ws13a\">0.7<span class=\"_ _e8\"> </span><span class=\"ls33 ws30\">25.8<span class=\"_ _2db\"> </span></span></span></span></span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1da\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span></span>3.3<span class=\"_ _2db\"> </span></span>1 <span class=\"_ _8\"> </span>Un<span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ily t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f ce<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>al m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Un<span class=\"_ _0\"></span>allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d of<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>T develo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Geographical Informa<span class=\"_ _0\"></span>tion<span class=\"_ _2db\"> </span>All of t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _6\"></span>s busine<span class=\"_ _0\"></span>ss is w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he UK an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up onl<span class=\"_ _0\"></span>y has o<span class=\"_ _0\"></span>ne dis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hical m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2023 \u00a3m<span class=\"_ _2db\"> </span>52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt is an<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Sale o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _1db\"> </span><span class=\"ff4 ls3a ws38\">292.8<span class=\"_ _2\"></span> <span class=\"_ _40\"> </span><span class=\"ff3a ls5c ws4a\">223.0<span class=\"_ _2db\"> </span></span></span>Accommoda<span class=\"_ _0\"></span>tion i<span class=\"_ _6\"></span>ncome<span class=\"_ _1dc\"> </span><span class=\"ff4 ls1 ws1\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.7 <span class=\"_ _33\"> </span></span><span class=\"ls48 wse3\">2<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _6\"></span> reve<span class=\"_ _6\"></span>nu<span class=\"_ _6\"></span>e f<span class=\"_ _6\"></span>rom<span class=\"_ _6\"></span> contra<span class=\"_ _6\"></span>cts with<span class=\"_ _6\"></span> c<span class=\"_ _6\"></span>ustomers<span class=\"_ _1dd\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _40\"> </span><span class=\"ff3a ls14 ws10\">24<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span>Rental income<span class=\"_ _1de\"> </span><span class=\"ff4 ls85 ws9b\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _168\"> </span></span><span class=\"ls12 ws91\">8.9<span class=\"_ _2db\"> </span></span>Revenue<span class=\"_ _1df\"> </span><span class=\"ls1 ws1\">3<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>6 <span class=\"_ _12f\"> </span><span class=\"ff3a ls5c ws4a\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3.8<span class=\"_ _2db\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-416": {
   "value": "Geographical Information All of the Group\u2019s business is within the UK and therefore the Group only has one distinct geographical market. 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Revenue disclosed in the Income Statement is analysed as follows: Sale of goods and services 292.8  223.0 Accommodation income 33.7  21.9 Total revenue from contracts with customers 326.5  244.9 Rental income 10.1  8.9 Revenue 336.6  253.8 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-381": {
   "value": "4.  Operating Costs 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Production costs and cost of goods used in retailing   72.2  57.9 Staff costs  119.1  96.2 Repairs and maintenance  8.5  8.5 Depreciation of property, plant and equipment and amortisation of intangible assets  19.6  18.1 Depreciation of right-of-use assets  7.1  7.7 Rental expense relating to short-term and low value leases  0.2  0.4 Variable lease payments 1   3.5  1.4 Property costs  18.0  14.4 Utilities  19.6  12.1 Separately disclosed items (note 5)   14.2  2.0 Grant income 2  \u2013 (5.4) Other operating costs  43.7  24.0 325.7  237.3 1  Variable lease payments are dependent on turnover levels. 2  Grant income is amounts received from the Government to support businesses throughout the pandemic that were eligible depending on their rateable value. Details of income and direct expenses relating to rental income from investment properties are shown in note 12. a)  Auditors\u2019 Remuneration 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Fees payable to Company\u2019s auditors: \u2013 Related to the audit of the Group and Company 0.5 0.4 0.5 0.4 Other audit related services of \u00a35,000 (2022: \u00a35,000) for covenant reporting and \u00a345,000 (2022: \u00a335,000) for interim review were also incurred in the period. b)  Employee Benefit Expenses 1 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Wages and salaries 2,3 102.6  84.8 Social security costs  8.7  7.0 Pension benefits  2.2  1.9 Other staff costs 4 5.6  2.5 119.1  96.2 1  Includes Executive Directors. 2  Includes share-based credit of \u00a30.4 million (2022: debit \u00a30.8 million). 3  Prior year staff costs are stated net of \u00a34.3 million claimed from the Government through the CJRS. 4  Includes temporary staff costs of \u00a35.0 million. c)  Average Number of Employees 1 The average monthly number of persons employed by the Group (including part-time staff) was as follows: 2023 Number 2022 Number Pub, hotel and restaurant teams 5,138 4,118 Support office 2 109 122 5,247 4,240 1  Includes Executive Directors. 2  Support office includes Finance, People Team, IT and other central functions. d)  Directors\u2019 Emoluments Full details are provided in the Directors\u2019 Remuneration Report and tables on pages 86 to 100. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-417": {
   "value": "a)  Auditors\u2019 Remuneration 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Fees payable to Company\u2019s auditors: \u2013 Related to the audit of the Group and Company 0.5 0.4 0.5 0.4 Other audit related services of \u00a35,000 (2022: \u00a35,000) for covenant reporting and \u00a345,000 (2022: \u00a335,000) for interim review were also incurred in the period. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-418": {
   "value": "b)  Employee Benefit Expenses 1 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Wages and salaries 2,3 102.6  84.8 Social security costs  8.7  7.0 Pension benefits  2.2  1.9 Other staff costs 4 5.6  2.5 119.1  96.2 1  Includes Executive Directors. 2  Includes share-based credit of \u00a30.4 million (2022: debit \u00a30.8 million). 3  Prior year staff costs are stated net of \u00a34.3 million claimed from the Government through the CJRS. 4  Includes temporary staff costs of \u00a35.0 million. c)  Average Number of Employees 1 The average monthly number of persons employed by the Group (including part-time staff) was as follows: 2023 Number 2022 Number Pub, hotel and restaurant teams 5,138 4,118 Support office 2 109 122 5,247 4,240 1  Includes Executive Directors. 2  Support office includes Finance, People Team, IT and other central functions. d)  Directors\u2019 Emoluments Full details are provided in the Directors\u2019 Remuneration Report and tables on pages 86 to 100. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-382": {
   "value": "5.  Separately Disclosed Items The Group presents separately disclosed items on the face of the Income Statement for those material items of income and expense which, because of the nature or expected infrequency of the events giving rise to them, merit separate presentation to allow shareholders to understand better the elements of financial performance in the year. 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Amounts included in operating profit: Reorganisation costs (0.5)  (0.8) Impairment of properties, right-of-use assets and assets classified as held for sale (note 13) (14.3)  (3.3) Insurance claim (0.2)  \u2013 VAT provision release  0.8 \u2013 Adjustment related to settlement of the Beer Business \u2013 2.1 Total separately disclosed items included in operating profit (14.2)  (2.0) Profit on disposal of properties  11.8  6.3 Separately disclosed finance credits: Finance credit on net pension liabilities  0.5  \u2013 Finance charge on the write down of arrangement fees (0.5) \u2013 Total separately disclosed finance credits \u2013  \u2013 Total separately disclosed items before tax (2.4)  4.3 Exceptional tax: Profit on disposal of properties (1.0)  (1.3) Change in tax rate  0.5  (3.3) Other items 1.0  1.4 Total separately disclosed tax 0.5  (3.2) Total separately disclosed items (1.9)  1.1 The reorganisation costs comprise \u00a30.5 million in relation to corporate restructure during the 53 weeks ended 1 April 2023 (26 March 2022: \u00a30.8 million). The impairment charge of \u00a314.3 million (26 March 2022: \u00a33.3 million) relates to the write down of 22 properties to their recoverable value (26 March 2022: six properties). The insurance claim of \u00a30.2 million is the write off of property, plant and equipment and the cost of the rectification work (\u00a32.7 million) net of insurance monies claimed (\u00a32.5 million). The VAT provision release to a VAT adjustment of \u00a30.8 million. In the prior year, \u00a32.1 million credit is the release of the provision, net of the final settlement amount on the sale of the Fuller\u2019s Beer Business. The profit on disposal of properties of \u00a311.8 million during the 53 weeks ended 1 April 2023 (26 March 2022: \u00a36.3 million) relates to the disposal of nine licensed and unlicensed properties (26 March 2022: 12 properties). The cash impact of operating separately disclosed items before tax for the 53 weeks ended 1 April 2023 was \u00a30.5 million cash outflow (26 March 2022: \u00a31.9 million cash outflow). ",
   "dimensions": {
    "concept": "fullersmithturnerplc:DisclosureOfSeparatelyDisclosedItems",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-438": {
   "value": "6.  Finance Costs 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended  26 March 2022 \u00a3m Finance Income Interest income from financial assets  0.2  \u2013 Finance costs Interest expense arising on: Financial liabilities at amortised cost \u2013 loans and debentures (9.6)  (8.1) Financial liabilities at amortised cost \u2013 preference shares (0.1)  (0.1) Financial liabilities at amortised cost \u2013 lease liabilities  (2.9)  (3.1) Net finance costs before separately disclosed items (12.4)  (11.3) Finance credit on net pension liabilities (note 5)  0.5  \u2013 Finance charge on the write down of arrangement fees (0.5) \u2013 Net finance costs after separately disclosed items (12.4) (11.3) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-419": {
   "value": "6.  Finance Costs 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended  26 March 2022 \u00a3m Finance Income Interest income from financial assets  0.2  \u2013 Finance costs Interest expense arising on: Financial liabilities at amortised cost \u2013 loans and debentures (9.6)  (8.1) Financial liabilities at amortised cost \u2013 preference shares (0.1)  (0.1) Financial liabilities at amortised cost \u2013 lease liabilities  (2.9)  (3.1) Net finance costs before separately disclosed items (12.4)  (11.3) Finance credit on net pension liabilities (note 5)  0.5  \u2013 Finance charge on the write down of arrangement fees (0.5) \u2013 Net finance costs after separately disclosed items (12.4) (11.3) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-383": {
   "value": "6.  Finance Costs 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended  26 March 2022 \u00a3m Finance Income Interest income from financial assets  0.2  \u2013 Finance costs Interest expense arising on: Financial liabilities at amortised cost \u2013 loans and debentures (9.6)  (8.1) Financial liabilities at amortised cost \u2013 preference shares (0.1)  (0.1) Financial liabilities at amortised cost \u2013 lease liabilities  (2.9)  (3.1) Net finance costs before separately disclosed items (12.4)  (11.3) Finance credit on net pension liabilities (note 5)  0.5  \u2013 Finance charge on the write down of arrangement fees (0.5) \u2013 Net finance costs after separately disclosed items (12.4) (11.3) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-420": {
   "value": "7.<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>a<span class=\"_ _3\"> </span>x<span class=\"_ _59\"></span>a<span class=\"_ _59\"></span>t<span class=\"_ _59\"></span>i<span class=\"_ _59\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax on P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n Or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y Ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Group<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 \u00a3m<span class=\"_ _2db\"> </span>52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _1fb\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.2<span class=\"_ _2db\"> </span></span>Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _1fc\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.6<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _1fd\"> </span><span class=\"ls1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ff3a ls12 ws91\">0.8<span class=\"_ _2db\"> </span></span></span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x:<span class=\"_ _2db\"> </span>Origin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es<span class=\"_ _1fe\"> </span><span class=\"ff4 ls37 ws35\">3.6<span class=\"_ _b1\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cor<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _1ff\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on p<span class=\"_ _0\"></span>rior p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s<span class=\"_ _200\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _201\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _1ac\"> </span><span class=\"ff3a ls5c ws4a\">3.6<span class=\"_ _2db\"> </span></span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _202\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></span>Analysed as<span class=\"_ _6\"></span>:<span class=\"_ _2db\"> </span>Before separate<span class=\"_ _6\"></span>ly d<span class=\"_ _6\"></span>iscl<span class=\"_ _6\"></span>osed ite<span class=\"_ _6\"></span>ms<span class=\"_ _203\"> </span><span class=\"ff4 lse4 wsdf\">2.9<span class=\"_ _5f\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span>Separately d<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>sclosed<span class=\"_ _6\"></span> items<span class=\"_ _7c\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>5)<span class=\"_ _170\"> </span></span><span class=\"ls5c ws4a\">3.2<span class=\"_ _2db\"> </span></span>2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span>Reconcil<span class=\"_ _6\"></span>iation of the T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al T<span class=\"_ _2\"></span>ax Charge<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar is high<span class=\"_ _0\"></span>er (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t is highe<span class=\"_ _0\"></span>r) t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ax in t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K of 19% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 19%). Th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nciled b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w:<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 \u00a3m 52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _177\"> </span><span class=\"ff4 ls3d ws3b\">10.<span class=\"_ _0\"></span>3<span class=\"_ _93\"> </span></span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span>Ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t mult<span class=\"_ _0\"></span>iplied b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e UK s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e of co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>9% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21: 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _204\"> </span><span class=\"ff4 lsc5 wsbf\">2.0<span class=\"_ _1ac\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span>It<span class=\"_ _0\"></span>ems n<span class=\"_ _0\"></span>ot d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible<span class=\"_ _0\"></span>/(t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able) fo<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _205\"> </span><span class=\"ff4 lsc5 wsbf\">0.2<span class=\"_ _26\"> </span></span><span class=\"ls4e ws6e\">(0.3)<span class=\"_ _2db\"> </span></span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (ov<span class=\"_ _0\"></span>er) p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _206\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>Net m<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1a1\"> </span><span class=\"ff4 ls39 ws37\">1.4<span class=\"_ _5f\"> </span></span><span class=\"ls8a ws7d\">0.5<span class=\"_ _2db\"> </span></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cor<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _1ff\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _202\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>/(cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d) t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tion<span class=\"_ _207\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _26\"> </span></span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span>Unr<span class=\"_ _0\"></span>ealise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al g<span class=\"_ _0\"></span>ains (on P<span class=\"_ _0\"></span>P&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)<span class=\"_ _7e\"> </span><span class=\"ff4 ls39 ws37\">1.7<span class=\"_ _1ac\"> </span></span><span class=\"ls33 ws30\">5.2<span class=\"_ _2db\"> </span></span>Retirement benefit obl<span class=\"_ _6\"></span>igations<span class=\"_ _164\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>8<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>ax losses<span class=\"_ _209\"> </span><span class=\"ff4 ls1 ws1\">0.7<span class=\"_ _26\"> </span></span><span class=\"ls3d ws3b\">(2.<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span>Ot<span class=\"_ _0\"></span>her<span class=\"_ _20a\"> </span><span class=\"ff4\">(3.<span class=\"_ _0\"></span>4)<span class=\"_ _9a\"> </span></span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _2db\"> </span></span>Corporate i<span class=\"_ _6\"></span>nterest<span class=\"_ _6\"></span> restricti<span class=\"_ _6\"></span>on<span class=\"_ _20b\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _e3\"> </span></span><span class=\"ls15a ws14c\">1.1<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1b1\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls5c ws4a\">3.6<span class=\"_ _2db\"> </span></span></span>Tax r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s (cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>/c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span>Deferred tax<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Valuat<span class=\"_ _0\"></span>ion gain<span class=\"_ _0\"></span>s on f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _7d\"> </span><span class=\"ff4 ls1 ws1\">\u2013<span class=\"_ _208\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span>Net a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial (lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es)<span class=\"_ _0\"></span>/gains on p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _20c\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>6)<span class=\"_ _170\"> </span></span><span class=\"ls5c ws4a\">3.<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed)<span class=\"_ _0\"></span>/c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _14b\"> </span><span class=\"ls12 ws91\">(0.6)<span class=\"_ _3d\"> </span><span class=\"ff3a ls5c ws4a\">3.9<span class=\"_ _2db\"> </span></span></span>Tax r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>/(c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d) di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>Deferred tax<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Share-based pay<span class=\"_ _0\"></span>ments <span class=\"_ _16b\"> </span><span class=\"ff4 lsc5 wsbf\">0.<span class=\"_ _0\"></span>2<span class=\"_ _b1\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed) t<span class=\"_ _0\"></span>o eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1ae\"> </span><span class=\"lsc5 wsbf\">0.<span class=\"_ _0\"></span>2<span class=\"_ _b1\"> </span><span class=\"ff3a ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></span>Defer<span class=\"_ _0\"></span>red T<span class=\"_ _6\"></span>ax Provision<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>Defe<span class=\"_ _6\"></span>rre<span class=\"_ _6\"></span>d tax<span class=\"_ _2db\"> </span>De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>/(lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span>Group Retirement be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _6\"></span>gations<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax l<span class=\"_ _6\"></span>osses carr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d \u00a3m<span class=\"_ _2db\"> </span>Employee share schemes \u00a3m<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial (liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>/ assets \u00a3m<span class=\"_ _2db\"> </span>Decele<span class=\"_ _6\"></span>rated tax depreciation \u00a3m<span class=\"_ _2db\"> </span>Un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al gains (on P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Pen<span class=\"_ _0\"></span>sion spr<span class=\"_ _0\"></span>eadin<span class=\"_ _0\"></span>g<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Other<span class=\"_ _2db\"> </span>1<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l \u00a3m<span class=\"_ _2db\"> </span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21<span class=\"_ _b7\"> </span><span class=\"ff3a ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _113\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>8<span class=\"_ _97\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _113\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _113\"> </span>4<span class=\"_ _1\"></span>.1<span class=\"_ _114\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _34\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _18f\"> </span></span></span>(5<span class=\"_ _0\"></span>.3)<span class=\"_ _2db\"> </span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c9\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.8<span class=\"_ _34\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.8<span class=\"_ _d1\"> </span><span class=\"ls4d ws49\">(5.<span class=\"_ _0\"></span>2)<span class=\"_ _8a\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _89\"> </span></span></span></span></span></span></span>(0<span class=\"_ _0\"></span>.5)<span class=\"_ _f0\"> </span>(3<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span>(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e) to ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsiv<span class=\"_ _0\"></span>e income<span class=\"_ _20d\"> </span><span class=\"ls3d ws3b\">(3.8)<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _12f\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _aa\"> </span></span>(3.9)<span class=\"_ _2db\"> </span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _20f\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span>Recategorisati<span class=\"_ _6\"></span>on<span class=\"_ _210\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.4<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _18f\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _c1\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _5f\"> </span><span class=\"ff3a ls5c ws4a\">(3.5)<span class=\"_ _a4\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _211\"> </span></span>4.9<span class=\"_ _f0\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>2<span class=\"_ _59\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _113\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>0<span class=\"_ _ec\"> </span><span class=\"ls59 ws56\">(12<span class=\"_ _1\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c9\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _89\"> </span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _da\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d2\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _f7\"> </span>(1.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _da\"> </span>(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _ee\"> </span><span class=\"ls4d ws49\">(2<span class=\"_ _0\"></span>.4)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> income<span class=\"_ _122\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _108\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _7a\"> </span></span>0.6<span class=\"_ _2db\"> </span></span>(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e) take<span class=\"_ _0\"></span>n dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _b7\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _aa\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2db\"> </span></span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _212\"> </span><span class=\"ls1\">(3<span class=\"_ _0\"></span>.7)<span class=\"_ _f7\"> </span><span class=\"lsc5 wsbf\">9.9<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ls80 wse4\">3.4<span class=\"_ _ea\"> </span><span class=\"ls5c ws4a\">(2<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _d9\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _211\"> </span></span></span>4.4<span class=\"_ _127\"> </span><span class=\"ls13 ws5e\">(14<span class=\"_ _1\"></span>.7)<span class=\"_ _2db\"> </span></span></span></span>1 In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a34.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _1e4\"> </span><span class=\"ff4 lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.5<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1b2\"> </span><span class=\"ff4 ls7b ws7b\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _dc\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span>(14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _9f\"> </span><span class=\"ff3a ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)</span> De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>/(lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>Retirement be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _6\"></span>gations<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax l<span class=\"_ _6\"></span>osses carr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d \u00a3m<span class=\"_ _2db\"> </span>Employee share schemes \u00a3m<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial (liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>/ assets \u00a3m<span class=\"_ _2db\"> </span>Decele<span class=\"_ _6\"></span>rated tax depreciation<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al gains (on P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>) \u00a3m<span class=\"_ _2db\"> </span>Pen<span class=\"_ _0\"></span>sion spr<span class=\"_ _0\"></span>eadin<span class=\"_ _0\"></span>g<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Other1 \u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21<span class=\"_ _5f\"> </span><span class=\"ff3a ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _113\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>7<span class=\"_ _97\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _43\"> </span>4<span class=\"_ _1\"></span>.1<span class=\"_ _114\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _34\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _18f\"> </span><span class=\"ls33 ws30\">(5.4)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c1\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _d9\"> </span><span class=\"lsd ws16\">2.8<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _113\"> </span><span class=\"ls12 ws91\">0.8<span class=\"_ _d1\"> </span><span class=\"ls4d ws49\">(<span class=\"_ _0\"></span>5.2)<span class=\"_ _8a\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _89\"> </span></span></span></span></span></span></span>(0<span class=\"_ _0\"></span>.5)<span class=\"_ _f0\"> </span>(3<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span>(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e)/cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er comprehensive i<span class=\"_ _6\"></span>ncome<span class=\"_ _ca\"> </span><span class=\"ls3d ws3b\">(3.8)<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _213\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _104\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _aa\"> </span></span>(3<span class=\"_ _0\"></span>.9)<span class=\"_ _2db\"> </span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _214\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span></span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _34\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></span>Recategorisati<span class=\"_ _6\"></span>on<span class=\"_ _110\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _8f\"> </span>\u2013<span class=\"_ _211\"> </span><span class=\"ls12 ws91\">0.4<span class=\"_ _96\"> </span></span>\u2013<span class=\"_ _aa\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _c1\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _26\"> </span><span class=\"ff3a ls5c ws4a\">(3.5)<span class=\"_ _d6\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _34\"> </span></span>4.9<span class=\"_ _f0\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>2<span class=\"_ _1\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _113\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _ee\"> </span><span class=\"ls59 ws56\">(12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c1\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _89\"> </span><span class=\"ls12 ws91\">(0.7)<span class=\"_ _8a\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d0\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span></span></span>(0.7)<span class=\"_ _89\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _f0\"> </span><span class=\"ls4d ws49\">(2.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></span></span></span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> income<span class=\"_ _38\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _7a\"> </span></span>0.6<span class=\"_ _2db\"> </span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _214\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span></span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2db\"> </span></span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _215\"> </span><span class=\"ls1\">(3<span class=\"_ _0\"></span>.7)<span class=\"_ _f7\"> </span><span class=\"lsc5 wsbf\">9.9<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls80 wse4\">3.4<span class=\"_ _dc\"> </span><span class=\"ls5c ws4a\">(2<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _d9\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _211\"> </span></span></span>4.4<span class=\"_ _127\"> </span><span class=\"ls13 ws5e\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span>1 In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a34.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _1e4\"> </span><span class=\"ff4 lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1b2\"> </span><span class=\"ff4 ls7b ws7b\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _dc\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span>(14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _dc\"> </span><span class=\"ff3a ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _2db\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-384": {
   "value": "7.<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>a<span class=\"_ _3\"> </span>x<span class=\"_ _59\"></span>a<span class=\"_ _59\"></span>t<span class=\"_ _59\"></span>i<span class=\"_ _59\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax on P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>n Or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y Ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Group<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 \u00a3m<span class=\"_ _2db\"> </span>52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _1fb\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.2<span class=\"_ _2db\"> </span></span>Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _1fc\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls12 ws91\">0.6<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _1fd\"> </span><span class=\"ls1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ff3a ls12 ws91\">0.8<span class=\"_ _2db\"> </span></span></span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x:<span class=\"_ _2db\"> </span>Origin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>al of t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es<span class=\"_ _1fe\"> </span><span class=\"ff4 ls37 ws35\">3.6<span class=\"_ _b1\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cor<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _1ff\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>Adjus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on p<span class=\"_ _0\"></span>rior p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s<span class=\"_ _200\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _201\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _1ac\"> </span><span class=\"ff3a ls5c ws4a\">3.6<span class=\"_ _2db\"> </span></span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _202\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></span>Analysed as<span class=\"_ _6\"></span>:<span class=\"_ _2db\"> </span>Before separate<span class=\"_ _6\"></span>ly d<span class=\"_ _6\"></span>iscl<span class=\"_ _6\"></span>osed ite<span class=\"_ _6\"></span>ms<span class=\"_ _203\"> </span><span class=\"ff4 lse4 wsdf\">2.9<span class=\"_ _5f\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span>Separately d<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>sclosed<span class=\"_ _6\"></span> items<span class=\"_ _7c\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>5)<span class=\"_ _170\"> </span></span><span class=\"ls5c ws4a\">3.2<span class=\"_ _2db\"> </span></span>2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span>Reconcil<span class=\"_ _6\"></span>iation of the T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al T<span class=\"_ _2\"></span>ax Charge<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar is high<span class=\"_ _0\"></span>er (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t is highe<span class=\"_ _0\"></span>r) t<span class=\"_ _0\"></span>han t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ax in t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K of 19% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 19%). Th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nciled b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w:<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 \u00a3m 52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it b<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _177\"> </span><span class=\"ff4 ls3d ws3b\">10.<span class=\"_ _0\"></span>3<span class=\"_ _93\"> </span></span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _2db\"> </span></span>Ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t mult<span class=\"_ _0\"></span>iplied b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e UK s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e of co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>9% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21: 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>%)<span class=\"_ _204\"> </span><span class=\"ff4 lsc5 wsbf\">2.0<span class=\"_ _1ac\"> </span></span><span class=\"lsd ws16\">2.2<span class=\"_ _2db\"> </span></span>It<span class=\"_ _0\"></span>ems n<span class=\"_ _0\"></span>ot d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tible<span class=\"_ _0\"></span>/(t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>able) fo<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _205\"> </span><span class=\"ff4 lsc5 wsbf\">0.2<span class=\"_ _26\"> </span></span><span class=\"ls4e ws6e\">(0.3)<span class=\"_ _2db\"> </span></span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (ov<span class=\"_ _0\"></span>er) p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _206\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>Net m<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1a1\"> </span><span class=\"ff4 ls39 ws37\">1.4<span class=\"_ _5f\"> </span></span><span class=\"ls8a ws7d\">0.5<span class=\"_ _2db\"> </span></span>Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in cor<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _1ff\"> </span><span class=\"ff4 ls1\">\u2013<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _202\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls33 ws30\">4<span class=\"_ _0\"></span>.4<span class=\"_ _2db\"> </span></span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>/(cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d) t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x dep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ecia<span class=\"_ _0\"></span>tion<span class=\"_ _207\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>5<span class=\"_ _26\"> </span></span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span>Unr<span class=\"_ _0\"></span>ealise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al g<span class=\"_ _0\"></span>ains (on P<span class=\"_ _0\"></span>P&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)<span class=\"_ _7e\"> </span><span class=\"ff4 ls39 ws37\">1.7<span class=\"_ _1ac\"> </span></span><span class=\"ls33 ws30\">5.2<span class=\"_ _2db\"> </span></span>Retirement benefit obl<span class=\"_ _6\"></span>igations<span class=\"_ _164\"> </span><span class=\"ff4 ls39 ws37\">1.<span class=\"_ _0\"></span>8<span class=\"_ _208\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>ax losses<span class=\"_ _209\"> </span><span class=\"ff4 ls1 ws1\">0.7<span class=\"_ _26\"> </span></span><span class=\"ls3d ws3b\">(2.<span class=\"_ _0\"></span>8)<span class=\"_ _2db\"> </span></span>Ot<span class=\"_ _0\"></span>her<span class=\"_ _20a\"> </span><span class=\"ff4\">(3.<span class=\"_ _0\"></span>4)<span class=\"_ _9a\"> </span></span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _2db\"> </span></span>Corporate i<span class=\"_ _6\"></span>nterest<span class=\"_ _6\"></span> restricti<span class=\"_ _6\"></span>on<span class=\"_ _20b\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _e3\"> </span></span><span class=\"ls15a ws14c\">1.1<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _1b1\"> </span><span class=\"ls80 wse4\">2.4<span class=\"_ _b1\"> </span><span class=\"ff3a ls5c ws4a\">3.6<span class=\"_ _2db\"> </span></span></span>Tax r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s (cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>/c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span>Deferred tax<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Valuat<span class=\"_ _0\"></span>ion gain<span class=\"_ _0\"></span>s on f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _7d\"> </span><span class=\"ff4 ls1 ws1\">\u2013<span class=\"_ _208\"> </span></span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span>Net a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial (lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es)<span class=\"_ _0\"></span>/gains on p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _20c\"> </span><span class=\"ff4 ls12 ws91\">(0.<span class=\"_ _0\"></span>6)<span class=\"_ _170\"> </span></span><span class=\"ls5c ws4a\">3.<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x (cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed)<span class=\"_ _0\"></span>/c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _14b\"> </span><span class=\"ls12 ws91\">(0.6)<span class=\"_ _3d\"> </span><span class=\"ff3a ls5c ws4a\">3.9<span class=\"_ _2db\"> </span></span></span>Tax r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>/(c<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d) di<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>Deferred tax<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Share-based pay<span class=\"_ _0\"></span>ments <span class=\"_ _16b\"> </span><span class=\"ff4 lsc5 wsbf\">0.<span class=\"_ _0\"></span>2<span class=\"_ _b1\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed) t<span class=\"_ _0\"></span>o eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1ae\"> </span><span class=\"lsc5 wsbf\">0.<span class=\"_ _0\"></span>2<span class=\"_ _b1\"> </span><span class=\"ff3a ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span></span>Defer<span class=\"_ _0\"></span>red T<span class=\"_ _6\"></span>ax Provision<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>Defe<span class=\"_ _6\"></span>rre<span class=\"_ _6\"></span>d tax<span class=\"_ _2db\"> </span>De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>/(lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span>Group Retirement be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _6\"></span>gations<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax l<span class=\"_ _6\"></span>osses carr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d \u00a3m<span class=\"_ _2db\"> </span>Employee share schemes \u00a3m<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial (liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>/ assets \u00a3m<span class=\"_ _2db\"> </span>Decele<span class=\"_ _6\"></span>rated tax depreciation \u00a3m<span class=\"_ _2db\"> </span>Un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al gains (on P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Pen<span class=\"_ _0\"></span>sion spr<span class=\"_ _0\"></span>eadin<span class=\"_ _0\"></span>g<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Other<span class=\"_ _2db\"> </span>1<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l \u00a3m<span class=\"_ _2db\"> </span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21<span class=\"_ _b7\"> </span><span class=\"ff3a ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _113\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>8<span class=\"_ _97\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _113\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _113\"> </span>4<span class=\"_ _1\"></span>.1<span class=\"_ _114\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _34\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _18f\"> </span></span></span>(5<span class=\"_ _0\"></span>.3)<span class=\"_ _2db\"> </span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c9\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.8<span class=\"_ _34\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.8<span class=\"_ _d1\"> </span><span class=\"ls4d ws49\">(5.<span class=\"_ _0\"></span>2)<span class=\"_ _8a\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _89\"> </span></span></span></span></span></span></span>(0<span class=\"_ _0\"></span>.5)<span class=\"_ _f0\"> </span>(3<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span>(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e) to ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsiv<span class=\"_ _0\"></span>e income<span class=\"_ _20d\"> </span><span class=\"ls3d ws3b\">(3.8)<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _12f\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _aa\"> </span></span>(3.9)<span class=\"_ _2db\"> </span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _20f\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span>Recategorisati<span class=\"_ _6\"></span>on<span class=\"_ _210\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.4<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _18f\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _c1\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _5f\"> </span><span class=\"ff3a ls5c ws4a\">(3.5)<span class=\"_ _a4\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _211\"> </span></span>4.9<span class=\"_ _f0\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>2<span class=\"_ _59\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _113\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>0<span class=\"_ _ec\"> </span><span class=\"ls59 ws56\">(12<span class=\"_ _1\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c9\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _89\"> </span><span class=\"ls12 ws91\">(0.<span class=\"_ _6\"></span>7)<span class=\"_ _da\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d2\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _f7\"> </span>(1.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _da\"> </span>(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _ee\"> </span><span class=\"ls4d ws49\">(2<span class=\"_ _0\"></span>.4)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> income<span class=\"_ _122\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _108\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _7a\"> </span></span>0.6<span class=\"_ _2db\"> </span></span>(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e) take<span class=\"_ _0\"></span>n dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y<span class=\"_ _b7\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _aa\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2db\"> </span></span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _212\"> </span><span class=\"ls1\">(3<span class=\"_ _0\"></span>.7)<span class=\"_ _f7\"> </span><span class=\"lsc5 wsbf\">9.9<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _20e\"> </span><span class=\"ls80 wse4\">3.4<span class=\"_ _ea\"> </span><span class=\"ls5c ws4a\">(2<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _d9\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _211\"> </span></span></span>4.4<span class=\"_ _127\"> </span><span class=\"ls13 ws5e\">(14<span class=\"_ _1\"></span>.7)<span class=\"_ _2db\"> </span></span></span></span>1 In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a34.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _1e4\"> </span><span class=\"ff4 lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _1\"></span>.5<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1b2\"> </span><span class=\"ff4 ls7b ws7b\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _dc\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span>(14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _9f\"> </span><span class=\"ff3a ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)</span> De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>/(lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>Retirement be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _6\"></span>gations<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ax l<span class=\"_ _6\"></span>osses carr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d \u00a3m<span class=\"_ _2db\"> </span>Employee share schemes \u00a3m<span class=\"_ _2db\"> </span>Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial (liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s)<span class=\"_ _0\"></span>/ assets \u00a3m<span class=\"_ _2db\"> </span>Decele<span class=\"_ _6\"></span>rated tax depreciation<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al gains (on P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>) \u00a3m<span class=\"_ _2db\"> </span>Pen<span class=\"_ _0\"></span>sion spr<span class=\"_ _0\"></span>eadin<span class=\"_ _0\"></span>g<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Other1 \u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21<span class=\"_ _5f\"> </span><span class=\"ff3a ls125 ws13a\">0<span class=\"_ _0\"></span>.7<span class=\"_ _113\"> </span><span class=\"ls156 ws144\">7.<span class=\"_ _1\"></span>7<span class=\"_ _97\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _43\"> </span>4<span class=\"_ _1\"></span>.1<span class=\"_ _114\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3)<span class=\"_ _f7\"> </span><span class=\"lsd ws16\">2.3<span class=\"_ _34\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>9<span class=\"_ _18f\"> </span><span class=\"ls33 ws30\">(5.4)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c1\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _d9\"> </span><span class=\"lsd ws16\">2.8<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _113\"> </span><span class=\"ls12 ws91\">0.8<span class=\"_ _d1\"> </span><span class=\"ls4d ws49\">(<span class=\"_ _0\"></span>5.2)<span class=\"_ _8a\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _89\"> </span></span></span></span></span></span></span>(0<span class=\"_ _0\"></span>.5)<span class=\"_ _f0\"> </span>(3<span class=\"_ _0\"></span>.6)<span class=\"_ _2db\"> </span></span>(Char<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e)/cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er comprehensive i<span class=\"_ _6\"></span>ncome<span class=\"_ _ca\"> </span><span class=\"ls3d ws3b\">(3.8)<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _213\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _104\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _aa\"> </span></span>(3<span class=\"_ _0\"></span>.9)<span class=\"_ _2db\"> </span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _214\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span></span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _34\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span></span>Recategorisati<span class=\"_ _6\"></span>on<span class=\"_ _110\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _8f\"> </span>\u2013<span class=\"_ _211\"> </span><span class=\"ls12 ws91\">0.4<span class=\"_ _96\"> </span></span>\u2013<span class=\"_ _aa\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _c1\"> </span></span>\u2013<span class=\"_ _2db\"> </span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _26\"> </span><span class=\"ff3a ls5c ws4a\">(3.5)<span class=\"_ _d6\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _34\"> </span></span>4.9<span class=\"_ _f0\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>2<span class=\"_ _1\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _d2\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>.1<span class=\"_ _113\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _ee\"> </span><span class=\"ls59 ws56\">(12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span></span></span></span></span>(Charge<span class=\"_ _6\"></span>)/credit<span class=\"_ _6\"></span> to Income Statement<span class=\"_ _c1\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _89\"> </span><span class=\"ls12 ws91\">(0.7)<span class=\"_ _8a\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _12f\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _d0\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span></span></span>(0.7)<span class=\"_ _89\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _d0\"> </span><span class=\"ls5c ws4a\">3.4<span class=\"_ _f0\"> </span><span class=\"ls4d ws49\">(2.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></span></span></span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> income<span class=\"_ _38\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _85\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _7a\"> </span></span>0.6<span class=\"_ _2db\"> </span></span>Cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>ken dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ly to e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _214\"> </span><span class=\"ls1\">\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _85\"> </span></span>\u2013<span class=\"_ _175\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _91\"> </span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d1\"> </span><span class=\"ls94 ws44\">(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2db\"> </span></span></span>Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _215\"> </span><span class=\"ls1\">(3<span class=\"_ _0\"></span>.7)<span class=\"_ _f7\"> </span><span class=\"lsc5 wsbf\">9.9<span class=\"_ _91\"> </span></span>\u2013<span class=\"_ _96\"> </span>\u2013<span class=\"_ _d0\"> </span><span class=\"ls80 wse4\">3.4<span class=\"_ _dc\"> </span><span class=\"ls5c ws4a\">(2<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _d9\"> </span><span class=\"ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _211\"> </span></span></span>4.4<span class=\"_ _127\"> </span><span class=\"ls13 ws5e\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span></span></span>1 In<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a34.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g dif<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _1e4\"> </span><span class=\"ff4 lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span></span><span class=\"ls157 ws14b\">18<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1b2\"> </span><span class=\"ff4 ls7b ws7b\">(3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _dc\"> </span></span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span>(14<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _dc\"> </span><span class=\"ff3a ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>8)<span class=\"_ _2db\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-385": {
   "value": "8.  Earnings Per Share Group  53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Profit attributable to equity shareholders 7.9 7.1 Separately disclosed items net of tax 1.9 (1.1) Adjusted earnings attributable to equity shareholders 9.8 6.0 Weighted average share capital 60,875,000 61,264,000 Dilutive outstanding options and share awards 90,000 413,000 Diluted weighted average share capital 60,965,000 61,677,000 40p \u2018A\u2019 and \u2018C\u2019 ordinary share Pence  Pence Basic earnings per share 12.98 11.59 Diluted earnings per share 12.96 11.51 Adjusted earnings per share 16.10 9.79 Diluted adjusted earnings per share 16.07 9.73 4p \u2018B\u2019 ordinary share Pence  Pence Basic earnings per share 1.30 1.16 Diluted earnings per share 1.30 1.15 Adjusted earnings per share 1.61 0.98 Diluted adjusted earnings per share 1.61 0.97 For the purposes of calculating the number of shares to be used above, \u2018B\u2019 shares have been treated as one-tenth of an \u2018A\u2019 or \u2018C\u2019 share. The earnings per share calculation is based on earnings from continuing operations and on the weighted average ordinary share capital which excludes shares held by trusts relating to employee share options and shares held in treasury of 2,134,152 (2022: 1,744,564). Diluted earnings per share amounts are calculated using the same earnings figure as for basic earnings per share, divided by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential options into ordinary shares. Adjusted earnings per share are calculated on profit after tax excluding separately disclosed items and on the same weighted average ordinary share capital as for the basic and diluted earnings per share. Adjusted earnings per share measures have been included as the Directors consider that these measures better reflect the underlying earnings of the Group. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-386": {
   "value": "9. Dividends 53 weeks ended 1 April 2023 \u00a3m 52 weeks ended 26 March 2022 \u00a3m Declared and paid during the year Equity dividends on ordinary shares: Final dividend for 2022: 7.41p (2021: 0p) 4.6 \u2013 Interim dividend for 2023: 4.68p (2022: 3.90p) 2.8 2.4 Equity dividends paid  7.4 2.4 Dividends on cumulative preference shares (note 6) 0.1 0.1 Proposed for approval at the Annual General Meeting Final dividend for 2023: 10.0p (2022: 7.41p) 6.1 4.6 The pence figures above are for the 40p \u2018A\u2019 ordinary shares and 40p \u2018C\u2019 ordinary shares. The 4p \u2018B\u2019 ordinary shares carry dividend rights of one-tenth of those applicable to the 40p \u2018A\u2019 ordinary shares. Own shares held in the employee share trusts do not qualify for dividends as the Trustees have waived their rights. Dividends are also not paid on own shares held as treasury shares. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-439": {
   "value": "10<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Group and Company Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill \u00a3m<span class=\"_ _2db\"> </span>IT Devel<span class=\"_ _6\"></span>opment<span class=\"_ _2db\"> </span>costs \u00a3m<span class=\"_ _2db\"> </span>Group To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Comp<span class=\"_ _0\"></span>any To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _224\"> </span><span class=\"ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _e8\"> </span><span class=\"lsd ws16\">32.4<span class=\"_ _1ac\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _2db\"> </span></span></span></span></span>Additions<span class=\"_ _225\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _226\"> </span><span class=\"ff3a ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _e8\"> </span><span class=\"ls33 ws30\">34.8<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">6.6<span class=\"_ _2db\"> </span></span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _227\"> </span><span class=\"ls39 ws6e\"> 3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _91\"> </span> 3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span> 6<span class=\"_ _0\"></span>.6 </span></span>Amor<span class=\"_ _0\"></span>tisation an<span class=\"_ _6\"></span>d imp<span class=\"_ _6\"></span>airment<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _bc\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _e6\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _208\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.2 <span class=\"_ _9a\"> </span> 0.2 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>2 </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1ca\"> </span><span class=\"ff3a ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.2<span class=\"_ _1ac\"> </span><span class=\"ls33 ws30\">5.3<span class=\"_ _1ac\"> </span></span>0.4<span class=\"_ _2db\"> </span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _228\"> </span><span class=\"ls85 ws3f\"> 5<span class=\"_ _1\"></span>.1 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.7 <span class=\"_ _e8\"> </span><span class=\"lsea ws36\"> 5.8<span class=\"_ _6\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _0\"></span>9 </span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _229\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7 <span class=\"_ _dd\"> </span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _96\"> </span><span class=\"lsc5 wsaf\"> 29.0 <span class=\"_ _e8\"> </span></span> 5.7 </span><span class=\"ls1 ws91\"></span><span class=\"ls1 ws91\"></span><span class=\"ls1 ws91\"></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _82\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _9a\"> </span><span class=\"ls1 ws91\"> 2.8 <span class=\"_ _44\"> </span> 2<span class=\"_ _0\"></span>9.5 <span class=\"_ _9a\"> </span> 6.2 </span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _102\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.6 <span class=\"_ _175\"> </span><span class=\"ls156 ws148\"> 2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span></span> 4.0 </span></span>IT Development cos<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed as I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rol o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e imple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span> a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m and ar<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>de up o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>nsult<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ime an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nal em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _2db\"> </span>2023<span class=\"_ _22a\"> </span><span class=\"ff3a ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill i<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>Us a<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Managed<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>enanted<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _b7\"> </span><span class=\"ff3a ls22 ws15\">\u00a3m<span class=\"_ _2db\"> </span></span>Gal<span class=\"_ _6\"></span>es estate<span class=\"_ _22b\"> </span><span class=\"ff4 ls85 ws3f\"> 9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7 <span class=\"_ _16a\"> </span></span></span></span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinne<span class=\"_ _0\"></span>ss e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _1d2\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e7\"> </span><span class=\"ff3a ls12\">0.6<span class=\"_ _2db\"> </span></span></span>Bel &amp; T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Dr<span class=\"_ _0\"></span>ago<span class=\"_ _0\"></span>n<span class=\"_ _227\"> </span><span class=\"ff4 ls39 ws6e\"> 1.0<span class=\"_ _0\"></span> <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _9a\"> </span></span> 1.0<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns &amp; Ho<span class=\"_ _0\"></span>tels<span class=\"_ _79\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _1\"></span>.4 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 2.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"lsd ws16\">2.4</span> 13<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _16a\"> </span><span class=\"ff3a ls125 ws13a\">2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-421": {
   "value": "10<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Group and Company Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill \u00a3m<span class=\"_ _2db\"> </span>IT Devel<span class=\"_ _6\"></span>opment<span class=\"_ _2db\"> </span>costs \u00a3m<span class=\"_ _2db\"> </span>Group To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Comp<span class=\"_ _0\"></span>any To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _224\"> </span><span class=\"ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _e8\"> </span><span class=\"lsd ws16\">32.4<span class=\"_ _1ac\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _2db\"> </span></span></span></span></span>Additions<span class=\"_ _225\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _226\"> </span><span class=\"ff3a ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _e8\"> </span><span class=\"ls33 ws30\">34.8<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">6.6<span class=\"_ _2db\"> </span></span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _227\"> </span><span class=\"ls39 ws6e\"> 3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _91\"> </span> 3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span> 6<span class=\"_ _0\"></span>.6 </span></span>Amor<span class=\"_ _0\"></span>tisation an<span class=\"_ _6\"></span>d imp<span class=\"_ _6\"></span>airment<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _bc\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _e6\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _208\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.2 <span class=\"_ _9a\"> </span> 0.2 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>2 </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1ca\"> </span><span class=\"ff3a ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.2<span class=\"_ _1ac\"> </span><span class=\"ls33 ws30\">5.3<span class=\"_ _1ac\"> </span></span>0.4<span class=\"_ _2db\"> </span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _228\"> </span><span class=\"ls85 ws3f\"> 5<span class=\"_ _1\"></span>.1 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.7 <span class=\"_ _e8\"> </span><span class=\"lsea ws36\"> 5.8<span class=\"_ _6\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _0\"></span>9 </span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _229\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7 <span class=\"_ _dd\"> </span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _96\"> </span><span class=\"lsc5 wsaf\"> 29.0 <span class=\"_ _e8\"> </span></span> 5.7 </span><span class=\"ls1 ws91\"></span><span class=\"ls1 ws91\"></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _82\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _9a\"> </span><span class=\"ls1 ws91\"> 2.8 <span class=\"_ _44\"> </span> 2<span class=\"_ _0\"></span>9.5 <span class=\"_ _9a\"> </span> 6.2 </span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _102\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.6 <span class=\"_ _175\"> </span><span class=\"ls156 ws148\"> 2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span></span> 4.0 </span></span>IT Development cos<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed as I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rol o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e imple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span> a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m and ar<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>de up o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>nsult<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ime an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nal em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _2db\"> </span>2023<span class=\"_ _22a\"> </span><span class=\"ff3a ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill i<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>Us a<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Managed<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>enanted<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _b7\"> </span><span class=\"ff3a ls22 ws15\">\u00a3m<span class=\"_ _2db\"> </span></span>Gal<span class=\"_ _6\"></span>es estate<span class=\"_ _22b\"> </span><span class=\"ff4 ls85 ws3f\"> 9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7 <span class=\"_ _16a\"> </span></span></span></span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinne<span class=\"_ _0\"></span>ss e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _1d2\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e7\"> </span><span class=\"ff3a ls12\">0.6<span class=\"_ _2db\"> </span></span></span>Bel &amp; T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Dr<span class=\"_ _0\"></span>ago<span class=\"_ _0\"></span>n<span class=\"_ _227\"> </span><span class=\"ff4 ls39 ws6e\"> 1.0<span class=\"_ _0\"></span> <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _9a\"> </span></span> 1.0<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns &amp; Ho<span class=\"_ _0\"></span>tels<span class=\"_ _79\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _1\"></span>.4 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 2.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"lsd ws16\">2.4</span> 13<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _16a\"> </span><span class=\"ff3a ls125 ws13a\">2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-387": {
   "value": "10<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Group and Company Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill \u00a3m<span class=\"_ _2db\"> </span>IT Devel<span class=\"_ _6\"></span>opment<span class=\"_ _2db\"> </span>costs \u00a3m<span class=\"_ _2db\"> </span>Group To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Comp<span class=\"_ _0\"></span>any To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _224\"> </span><span class=\"ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _e8\"> </span><span class=\"lsd ws16\">32.4<span class=\"_ _1ac\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _2db\"> </span></span></span></span></span>Additions<span class=\"_ _225\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span></span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _1ac\"> </span>2.4<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _226\"> </span><span class=\"ff3a ls48 wse3\">3<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>8<span class=\"_ _5f\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _e8\"> </span><span class=\"ls33 ws30\">34.8<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">6.6<span class=\"_ _2db\"> </span></span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _227\"> </span><span class=\"ls39 ws6e\"> 3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0 <span class=\"_ _91\"> </span> 3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8 <span class=\"_ _e8\"> </span> 6<span class=\"_ _0\"></span>.6 </span></span>Amor<span class=\"_ _0\"></span>tisation an<span class=\"_ _6\"></span>d imp<span class=\"_ _6\"></span>airment<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _bc\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _e6\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _208\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.2 <span class=\"_ _9a\"> </span> 0.2 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>2 </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1ca\"> </span><span class=\"ff3a ls15a ws14c\">5<span class=\"_ _1\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">0.2<span class=\"_ _1ac\"> </span><span class=\"ls33 ws30\">5.3<span class=\"_ _1ac\"> </span></span>0.4<span class=\"_ _2db\"> </span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _1da\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e8\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 <span class=\"_ _9a\"> </span> 0.5 </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _228\"> </span><span class=\"ls85 ws3f\"> 5<span class=\"_ _1\"></span>.1 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.7 <span class=\"_ _e8\"> </span><span class=\"lsea ws36\"> 5.8<span class=\"_ _6\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0.<span class=\"_ _0\"></span>9 </span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _229\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7 <span class=\"_ _dd\"> </span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _96\"> </span><span class=\"lsc5 wsaf\"> 29.0 <span class=\"_ _e8\"> </span></span> 5.7 </span><span class=\"ls1 ws91\"></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _82\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _9a\"> </span><span class=\"ls1 ws91\"> 2.8 <span class=\"_ _44\"> </span> 2<span class=\"_ _0\"></span>9.5 <span class=\"_ _9a\"> </span> 6.2 </span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _102\"> </span><span class=\"ls125 ws3d\"> 2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.6 <span class=\"_ _175\"> </span><span class=\"ls156 ws148\"> 2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _9a\"> </span></span> 4.0 </span></span>IT Development cos<span class=\"_ _0\"></span>ts<span class=\"_ _2db\"> </span>Co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed as I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ere i<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up has c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rol o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>T d<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>elop<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e imple<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span> a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sy<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m and ar<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>de up o<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>nsult<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ime an<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nal em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> is<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ul <span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>of<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _2db\"> </span>2023<span class=\"_ _22a\"> </span><span class=\"ff3a ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span>Go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ill i<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>Us a<span class=\"_ _0\"></span>s f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Managed<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>enanted<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> \u00a3m<span class=\"_ _b7\"> </span><span class=\"ff3a ls22 ws15\">\u00a3m<span class=\"_ _2db\"> </span></span>Gal<span class=\"_ _6\"></span>es estate<span class=\"_ _22b\"> </span><span class=\"ff4 ls85 ws3f\"> 9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7 <span class=\"_ _16a\"> </span></span></span></span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinne<span class=\"_ _0\"></span>ss e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _1d2\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e7\"> </span><span class=\"ff3a ls12\">0.6<span class=\"_ _2db\"> </span></span></span>Bel &amp; T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Dr<span class=\"_ _0\"></span>ago<span class=\"_ _0\"></span>n<span class=\"_ _227\"> </span><span class=\"ff4 ls39 ws6e\"> 1.0<span class=\"_ _0\"></span> <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _9a\"> </span></span> 1.0<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2db\"> </span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns &amp; Ho<span class=\"_ _0\"></span>tels<span class=\"_ _79\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _1\"></span>.4 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e8\"> </span> 2.<span class=\"_ _0\"></span>4 <span class=\"_ _168\"> </span></span><span class=\"lsd ws16\">2.4</span> 13<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls3b wsb0\"> 13.<span class=\"_ _0\"></span>6 <span class=\"_ _96\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _1\"></span>6.7 <span class=\"_ _16a\"> </span><span class=\"ff3a ls125 ws13a\">2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-388": {
   "value": "1<span class=\"_ _6\"></span>1. <span class=\"_ _b\"> </span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, Pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d Equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2db\"> </span>Group L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp; buil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs \u2013 ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d  \u00a3m<span class=\"_ _2db\"> </span>L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp; buil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs \u2013 ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; acting as<span class=\"_ _6\"></span> less<span class=\"_ _0\"></span>or \u00a3m<span class=\"_ _2db\"> </span>Pla<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, machinery &amp; vehicl<span class=\"_ _0\"></span>es \u00a3m<span class=\"_ _2db\"> </span>Fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s &amp; fittings \u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _22c\"> </span><span class=\"ls125 ws13a\">4<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>2.7<span class=\"_ _21d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>0<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _b9\"> </span><span class=\"ls12 ws91\">6.3<span class=\"_ _e4\"> </span><span class=\"ls48 wse3\">17<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>6<span class=\"_ _44\"> </span><span class=\"ls33 ws30\">76<span class=\"_ _0\"></span>8.4<span class=\"_ _2db\"> </span></span></span></span></span></span>Additions<span class=\"_ _22d\"> </span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>3<span class=\"_ _94\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">9.6<span class=\"_ _e8\"> </span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _1a3\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _230\"> </span><span class=\"lsd ws16\">2.4<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _1ac\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _2db\"> </span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _231\"> </span><span class=\"ff3a ls5c ws4a\">49<span class=\"_ _0\"></span>3.6<span class=\"_ _8f\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.6<span class=\"_ _5f\"> </span><span class=\"ls12 ws91\">6.3<span class=\"_ _8f\"> </span><span class=\"ls3e ws3c\">17<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>5<span class=\"_ _44\"> </span></span>789.0<span class=\"_ _2db\"> </span></span></span></span>Additions<span class=\"_ _232\"> </span><span class=\"ls59 ws9b\"> 12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2.3 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e4\"> </span><span class=\"ls3c ws152\"> 15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls12 wsf\"> 3<span class=\"_ _0\"></span>0.0 </span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span>(0.<span class=\"_ _0\"></span>3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _1a3\"> </span><span class=\"lsb ws2e\">(6.<span class=\"_ _0\"></span>6) <span class=\"_ _17b\"> </span></span></span>(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>3) T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls3b ws39\">(9.2)<span class=\"_ _0\"></span> </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _62\"> </span><span class=\"ls80 ws83\"> 49<span class=\"_ _0\"></span>6.4 <span class=\"_ _7a\"> </span><span class=\"ls14e ws5b\"> 111.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 6.<span class=\"_ _0\"></span>3 <span class=\"_ _190\"> </span><span class=\"lsc7 ws14b\"> 1<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _97\"> </span><span class=\"ls39 ws6e\"> 8<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>5 </span></span></span></span></span>Depreciation and impa<span class=\"_ _6\"></span>irment<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _233\"> </span><span class=\"ls33 ws30\">48<span class=\"_ _0\"></span>.8<span class=\"_ _1ac\"> </span><span class=\"ls125 ws13a\">9<span class=\"_ _0\"></span>.7<span class=\"_ _b9\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>7<span class=\"_ _21d\"> </span><span class=\"ls159 ws147\">11<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _175\"> </span><span class=\"ls3e ws3c\">17<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _234\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _36\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _1a3\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _235\"> </span><span class=\"ls5c ws4a\">3.3<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span></span>3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _236\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls4e ws6e\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _9a\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _2db\"> </span></span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _237\"> </span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span>0.5<span class=\"_ _2db\"> </span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _238\"> </span><span class=\"ff3a ls12 ws91\">5<span class=\"_ _0\"></span>4.9<span class=\"_ _9a\"> </span><span class=\"ls158 ws14f\">10.<span class=\"_ _1\"></span>3<span class=\"_ _b9\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>7<span class=\"_ _175\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>4<span class=\"_ _8f\"> </span><span class=\"lse7 wse2\">19<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _239\"> </span><span class=\"ls1 ws91\"> 4.8 <span class=\"_ _1a3\"> </span><span class=\"ls48 ws3a\"> 1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e3\"> </span></span> \u2013 <span class=\"_ _8f\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _e4\"> </span><span class=\"ls15a ws2c\"> 1<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> </span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _23a\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _0\"></span> <span class=\"_ _be\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _1a3\"> </span></span></span>(6<span class=\"_ _0\"></span>.3)<span class=\"_ _0\"></span> <span class=\"_ _dd\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> </span>Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>s (not<span class=\"_ _0\"></span>e 13)<span class=\"_ _23b\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _b7\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _8f\"> </span></span> 13<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _f1\"> </span><span class=\"ls4e ws6e\">(2<span class=\"_ _0\"></span>.3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls5c ws4a\">(3.5) </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8e\"> </span><span class=\"lsc5 wsaf\"> 70.0<span class=\"_ _6\"></span> <span class=\"_ _44\"> </span><span class=\"ls14e ws5b\"> 11.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span><span class=\"ls1 ws91\"> 1.7 <span class=\"_ _97\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _e1\"> </span><span class=\"ls94 wsad\"> 2<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 </span></span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _7b\"> </span><span class=\"ls80 ws83\"> 426.4 <span class=\"_ _113\"> </span><span class=\"ls3d ws4a\"> 10<span class=\"_ _1\"></span>0.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 4.<span class=\"_ _0\"></span>6 <span class=\"_ _91\"> </span><span class=\"lsc5 wsaf\"> 5<span class=\"_ _0\"></span>2.0<span class=\"_ _85\"> </span></span> 5<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3.<span class=\"_ _0\"></span>3 </span></span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _95\"> </span><span class=\"ls125 ws13a\">4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _e8\"> </span><span class=\"ls12 ws91\">9<span class=\"_ _0\"></span>9.3<span class=\"_ _1ac\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _9a\"> </span><span class=\"ls15a ws14c\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _8f\"> </span></span></span></span>5<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>2.7<span class=\"_ _2db\"> </span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _95\"> </span><span class=\"ls5c ws4a\">43<span class=\"_ _0\"></span>3.9<span class=\"_ _9a\"> </span><span class=\"ls15a ws14c\">9<span class=\"_ _59\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _208\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _dd\"> </span></span></span>5<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>6<span class=\"_ _96\"> </span><span class=\"ls12 ws91\">590.<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span></span>Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp; buildings \u2013 ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; use<span class=\"_ _0\"></span>d \u00a3m<span class=\"_ _2db\"> </span>L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d &amp; buil<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs \u2013 ow<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed &amp; acting as<span class=\"_ _6\"></span> les<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>r \u00a3m<span class=\"_ _2db\"> </span>Pla<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, machinery &amp; vehicl<span class=\"_ _0\"></span>es \u00a3m<span class=\"_ _2db\"> </span>Fi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s &amp; fittings \u00a3m<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l \u00a3m<span class=\"_ _2db\"> </span>Cost<span class=\"_ _2db\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _22c\"> </span><span class=\"ls91 wsad\">47<span class=\"_ _0\"></span>9.2<span class=\"_ _e4\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _208\"> </span><span class=\"ls33 ws30\">4.8<span class=\"_ _e4\"> </span><span class=\"ls48 wse3\">17<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _8f\"> </span><span class=\"ls5c ws4a\">763.0<span class=\"_ _2db\"> </span></span></span></span></span></span>Additions<span class=\"_ _22d\"> </span><span class=\"ls159 ws147\">11.<span class=\"_ _1\"></span>3<span class=\"_ _94\"> </span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>8<span class=\"_ _e6\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">9.6<span class=\"_ _e8\"> </span><span class=\"ls125 ws13a\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _1a3\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2db\"> </span></span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _230\"> </span><span class=\"lsd ws16\">2.4<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _1ac\"> </span><span class=\"ls5c ws4a\">3.0<span class=\"_ _2db\"> </span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _194\"> </span><span class=\"ff3a ls15a ws14c\">4<span class=\"_ _59\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _175\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _5f\"> </span><span class=\"ls33 ws30\">4.8<span class=\"_ _e4\"> </span></span></span>1<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _44\"> </span><span class=\"ls5c ws4a\">7<span class=\"_ _0\"></span>83.6<span class=\"_ _2db\"> </span></span></span>Additions<span class=\"_ _232\"> </span><span class=\"ls59 ws9b\"> 12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2.3 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _e4\"> </span><span class=\"ls3c ws152\"> 15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span><span class=\"ls12 wsf\"> 3<span class=\"_ _0\"></span>0.0 </span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span></span>(0.<span class=\"_ _0\"></span>3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _1a3\"> </span><span class=\"lsb ws2e\">(6.<span class=\"_ _0\"></span>6) <span class=\"_ _17b\"> </span></span></span>(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>3) T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _22f\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls3b ws39\">(9.2)<span class=\"_ _0\"></span> </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _62\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9 <span class=\"_ _108\"> </span><span class=\"ls14e ws5b\"> 111.<span class=\"_ _1\"></span>6 <span class=\"_ _e8\"> </span></span> 4.<span class=\"_ _0\"></span>8 <span class=\"_ _e1\"> </span><span class=\"ls94 wsad\"> 18<span class=\"_ _1\"></span>6.<span class=\"_ _0\"></span>8 <span class=\"_ _43\"> </span><span class=\"ls85 ws3f\"> 7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> </span></span></span>Depreciation and impa<span class=\"_ _6\"></span>irment<span class=\"_ _23c\"> </span><span class=\"ff3a ls1 ws1\"> </span>At 2<span class=\"_ _0\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _233\"> </span><span class=\"ls7b ws7b\">4<span class=\"_ _0\"></span>4.6<span class=\"_ _1ac\"> </span><span class=\"ls125 ws13a\">9<span class=\"_ _0\"></span>.7<span class=\"_ _5f\"> </span><span class=\"ls8a ws7d\">2.5<span class=\"_ _e4\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _2\"></span>16.0<span class=\"_ _44\"> </span><span class=\"ls3e ws3c\">17<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.8<span class=\"_ _2db\"> </span></span></span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _234\"> </span><span class=\"lsa0 ws7a\">4.2<span class=\"_ _1ac\"> </span><span class=\"ls12 ws91\">0.6<span class=\"_ _36\"> </span></span></span><span class=\"ls1\">\u2013<span class=\"_ _1a3\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>.1<span class=\"_ _3d\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _22e\"> </span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _a6\"> </span></span>(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>9)<span class=\"_ _1a3\"> </span><span class=\"ls4d ws49\">(3.2)<span class=\"_ _2db\"> </span></span></span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _235\"> </span><span class=\"ls5c ws4a\">3.3<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span></span>3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _236\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _18a\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _26\"> </span><span class=\"ls4e ws6e\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _9a\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _2db\"> </span></span></span></span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _23d\"> </span><span class=\"ls1\">\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _36\"> </span>\u2013<span class=\"_ _1ac\"> </span><span class=\"ls8a ws7d\">0.5<span class=\"_ _1ac\"> </span>0.5<span class=\"_ _2db\"> </span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _23e\"> </span><span class=\"ff3a ls125 ws13a\">5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _9a\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1ac\"> </span><span class=\"ls8a ws7d\">2<span class=\"_ _0\"></span>.5<span class=\"_ _e4\"> </span><span class=\"ls156 ws144\">1<span class=\"_ _0\"></span>2<span class=\"_ _59\"></span>7.<span class=\"_ _1\"></span>4<span class=\"_ _e4\"> </span><span class=\"ls12 ws91\">1<span class=\"_ _6\"></span>90.9<span class=\"_ _2db\"> </span></span></span></span></span></span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _239\"> </span><span class=\"ls1 ws91\"> 4.8 <span class=\"_ _1a3\"> </span><span class=\"ls48 ws3a\"> 1.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _e3\"> </span></span> \u2013 <span class=\"_ _8f\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _e4\"> </span><span class=\"ls15a ws2c\"> 1<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> </span></span></span>Disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als<span class=\"_ _23a\"> </span><span class=\"ls94 ws44\">(0.8)<span class=\"_ _0\"></span> <span class=\"_ _be\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _1a3\"> </span></span></span>(6<span class=\"_ _0\"></span>.3)<span class=\"_ _0\"></span> <span class=\"_ _dd\"> </span><span class=\"ls156 ws144\">(<span class=\"_ _59\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> </span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _f5\"> </span><span class=\"ls157 ws145\"> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _e3\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _b7\"> </span> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _8f\"> </span></span> 13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 </span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>o ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r sale (no<span class=\"_ _0\"></span>te 19)<span class=\"_ _f1\"> </span><span class=\"ls4e ws6e\">(2<span class=\"_ _0\"></span>.3) <span class=\"_ _a6\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span> \u2013 <span class=\"_ _170\"> </span><span class=\"ls48 wse3\">(<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _16a\"> </span><span class=\"ls5c ws4a\">(3.5) </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span><span class=\"lsea ws36\"> 65.8 <span class=\"_ _44\"> </span><span class=\"ls14e ws5b\"> 11.<span class=\"_ _1\"></span>3 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>.5 <span class=\"_ _e1\"> </span><span class=\"ls3b wsb0\"> 13<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>2 <span class=\"_ _97\"> </span> 2<span class=\"_ _0\"></span>12<span class=\"_ _1\"></span>.8 </span></span></span></span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e at 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _240\"> </span><span class=\"lsc7 ws14b\"> 4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7.1<span class=\"_ _0\"></span> <span class=\"_ _e1\"> </span><span class=\"ls3d ws4a\"> 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _e8\"> </span><span class=\"ls1 ws91\"> 2.<span class=\"_ _1\"></span>3 <span class=\"_ _91\"> </span><span class=\"ls37 ws81\"> 53<span class=\"_ _0\"></span>.6<span class=\"_ _108\"> </span></span> 5<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3.<span class=\"_ _0\"></span>3 </span></span></span><span class=\"lsc7 ws14b\"><span class=\"ls3d ws4a\"><span class=\"ls1 ws91\"></span></span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>6 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _241\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9.4 <span class=\"_ _44\"> </span> 99<span class=\"_ _0\"></span>.3 <span class=\"_ _e8\"> </span> 2<span class=\"_ _0\"></span>.3 <span class=\"_ _21d\"> </span><span class=\"ls48 ws3a\"> 51.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span> <span class=\"_ _43\"> </span><span class=\"ls125 ws3d\"> 5<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>2.7<span class=\"_ _0\"></span> </span></span></span>Net b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e at 2<span class=\"_ _0\"></span>7 Ma<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21<span class=\"_ _241\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.6 <span class=\"_ _175\"> </span><span class=\"ls15a ws2c\"> 9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span> <span class=\"_ _e8\"> </span></span> 2.3 <span class=\"_ _44\"> </span> 5<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>2 <span class=\"_ _e1\"> </span> 5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0.2 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-389": {
   "value": "12.  Investment Properties Group and Company  Freehold and  leasehold properties \u00a3m Cost at 27 March 2021 3.3 Transfer to assets held for sale (1.5) Disposals (0.1) Cost at 26 March 2022 1.7 Disposals (0.1) At 1 April 2023  1.6 Depreciation and impairment at 27 March 2021  0.2 Provided during the year  \u2013 Transfer to asset held for sale (0.1) At 26 March 2022  0.1 Provided during the year  \u2013 At 1 April 2023  0.1 Net book value at 1 April 2023 1.5 Net book value at 26 March 2022 1.6 Net book value at 27 March 2021 3.1 Fair value at 1 April 2023 6.7 Fair value at 26 March 2022 8.4 Fair value at 27 March 2021 15.0 The fair value of investment properties has been estimated by the Directors, based on the rental income earned on the properties during the year and average yields earned on comparable properties from publicly available information, which is a Level 3 fair value valuation technique. An independent valuation of the properties has not been performed. Impairment The Group considers each trading outlet to be a CGU and each CGU is reviewed annually for indicators of impairment. In assessing whether an asset has been impaired, the carrying amount of the CGU is compared to its recoverable amount. The recoverable amount is the higher of its fair value less costs to sell and its value in use. During the 53 weeks ended 1 April 2023, the Group did not impair any investment properties (2022: \u00a3nil). Management have determined that the highest and best use of the property is its current use. Investment Property Income The properties are let on both landlord and tenant repairing leases. Amounts recognised in the profit for the financial year relating to rental income from investment properties are as follows: Group and Company 2023 \u00a3m 2022 \u00a3m Rental income  0.3 0.4 Direct operating expenses  \u2013  (0.1) All direct operating expenses relate to properties that generate rental income. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-390": {
   "value": "13<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span> Impairment Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, impairm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>14.3 million (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>3 million) were r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>ems<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Group<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>Impai<span class=\"_ _6\"></span>rment losses<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _24e\"> </span><span class=\"ff4 ls3b ws39\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>Rig<span class=\"_ _6\"></span>ht<span class=\"_ _6\"></span>-of-use<span class=\"_ _6\"></span> assets<span class=\"_ _1d4\"> </span><span class=\"ff4 lsc5 wsbf\">0.5<span class=\"_ _8b\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span>As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _24f\"> </span><span class=\"ff4 lsc5 wsbf\">0.4<span class=\"_ _36\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _17d\"> </span><span class=\"ff4 ws5e\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>Impai<span class=\"_ _6\"></span>rment losses<span class=\"_ _6\"></span> Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _24e\"> </span><span class=\"ff4 ls3b ws39\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _b1\"> </span><span class=\"lse4 wsdf\">3.3<span class=\"_ _2db\"> </span></span></span>Rig<span class=\"_ _6\"></span>ht<span class=\"_ _6\"></span>-of-use<span class=\"_ _6\"></span> assets<span class=\"_ _1d4\"> </span><span class=\"ff4 lsc5 wsbf\">0.5<span class=\"_ _8b\"> </span><span class=\"ls1 ws1\">\u2013 </span></span>As<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s held f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>ale<span class=\"_ _24f\"> </span><span class=\"ff4 lsc5 wsbf\">0.4<span class=\"_ _36\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span>Inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s1 \u2013 <span class=\"_ _3d\"> </span><span class=\"lsc5 wsbf\">0.2<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _17d\"> </span><span class=\"ff4 ws5e\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _b1\"> </span><span class=\"lse4 wsdf\">3.5<span class=\"_ _2db\"> </span></span></span>1 <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>ld In<span class=\"_ _0\"></span>ns &amp; H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>s wa<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by \u00a3<span class=\"_ _1\"></span>0.4 millio<span class=\"_ _0\"></span>n as t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en h<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>p in<span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ny (<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 million)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y, Pla<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Eq<span class=\"_ _0\"></span>uip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>f-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ea<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>let t<span class=\"_ _0\"></span>o be a C<span class=\"_ _0\"></span>GU an<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>ch C<span class=\"_ _0\"></span>GU is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nnually f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sing w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t has be<span class=\"_ _0\"></span>en imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to it<span class=\"_ _0\"></span>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt is t<span class=\"_ _0\"></span>he high<span class=\"_ _0\"></span>er of i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s fair valu<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o sell (\u201cF<span class=\"_ _1\"></span>VL<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>S\u201d<span class=\"_ _0\"></span>) and i<span class=\"_ _0\"></span>ts v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e. In t<span class=\"_ _0\"></span>he ab<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of a<span class=\"_ _0\"></span>ny inf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of a C<span class=\"_ _0\"></span>GU, th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is d<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o b<span class=\"_ _0\"></span>e it<span class=\"_ _0\"></span>s value in u<span class=\"_ _0\"></span>se. F<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es of e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>e in use o<span class=\"_ _0\"></span>f CG<span class=\"_ _0\"></span>Us, ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d a dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ions b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>lans c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>erin<span class=\"_ _0\"></span>g a th<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup us<span class=\"_ _0\"></span>es a r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f met<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ods f<span class=\"_ _0\"></span>or e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ting F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>CS w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h inclu<span class=\"_ _0\"></span>de ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing a m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket m<span class=\"_ _0\"></span>ultip<span class=\"_ _0\"></span>le to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GU E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>DA a<span class=\"_ _0\"></span>nd, f<span class=\"_ _0\"></span>or le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>hold si<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s, pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value te<span class=\"_ _0\"></span>chniq<span class=\"_ _0\"></span>ues u<span class=\"_ _0\"></span>sing a dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ha<span class=\"_ _0\"></span>s also ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns fo<span class=\"_ _0\"></span>r a sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se C<span class=\"_ _0\"></span>GU<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a t<span class=\"_ _0\"></span>hird p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. B<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h F<span class=\"_ _1\"></span>VL<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>S me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s rel<span class=\"_ _0\"></span>y on inp<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>s n<span class=\"_ _0\"></span>ot no<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mally ob<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>able b<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>et p<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ticipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d are t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy. T<span class=\"_ _0\"></span>he ke<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in s<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>ting t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncial b<span class=\"_ _0\"></span>udg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e initial t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d wer<span class=\"_ _0\"></span>e as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">Trading v<span class=\"_ _0\"></span>olume<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>: th<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s m<span class=\"_ _0\"></span>ake as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g volu<span class=\"_ _0\"></span>mes b<span class=\"_ _0\"></span>y sit<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s aro<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span> </span>th<span class=\"_ _0\"></span>e UK e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nomic r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>y and t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oing imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nsum<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>onf<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s: t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t are b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n hist<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rien<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s, adjus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of in<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n mo<span class=\"_ _0\"></span>st n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>od, u<span class=\"_ _0\"></span>tilit<span class=\"_ _0\"></span>ies, an<span class=\"_ _0\"></span>d </span>wa<span class=\"_ _0\"></span>ge inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e for<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>st a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s som<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to ab<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te as w<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24 and int<span class=\"_ _0\"></span>o F<span class=\"_ _1\"></span>Y2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">L<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cal f<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sit<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt y<span class=\"_ _0\"></span>ear o<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e sit<span class=\"_ _0\"></span>e in fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s. Ke<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>clude t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial of r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y </span>inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d sit<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asing o<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>ducin<span class=\"_ _0\"></span>g mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t sup<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e loc<span class=\"_ _0\"></span>al ar<span class=\"_ _0\"></span>ea.<span class=\"_ _0\"></span><span class=\"ff9 fc4 ls1\"> </span>Ot<span class=\"_ _0\"></span>her assump<span class=\"_ _0\"></span>tions used:<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 2.<span class=\"_ _0\"></span>0%) wa<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s sub<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed bu<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span></span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">A<span class=\"_ _0\"></span>n E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>A multip<span class=\"_ _0\"></span>le is es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a nor<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>alised t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading b<span class=\"_ _0\"></span>asis an<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a ob<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ained f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om ex<span class=\"_ _1\"></span>ter<span class=\"_ _0\"></span>nal s<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge mult<span class=\"_ _0\"></span>iple of 10.5<span class=\"_ _0\"></span>x (f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span> </span>1<span class=\"_ _2\"></span>1.8x<span class=\"_ _0\"></span>) is us<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>nd 10.9<span class=\"_ _0\"></span>x on t<span class=\"_ _0\"></span>he Tenant<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s weight<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al, which is u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d acr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss all CG<span class=\"_ _0\"></span>Us due t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>heir similar cha<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x </span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e is 1<span class=\"_ _6\"></span>0.<span class=\"_ _0\"></span>3% (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 8<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>%).<span class=\"_ _2db\"> </span>Imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is also lo<span class=\"_ _0\"></span>wer t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>GU\u2019s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alue fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k of imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his is<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span>wee<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e highe<span class=\"_ _0\"></span>r of F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s valu<span class=\"_ _0\"></span>e in use. W<span class=\"_ _1\"></span>here t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y valuat<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _1\"></span>ying v<span class=\"_ _0\"></span>alue, no im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>f \u00a313.4 million (F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.3 million) on pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, plant an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>uipme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> and  \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.5 million (F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>nil mill<span class=\"_ _6\"></span>ion) of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n of t<span class=\"_ _1\"></span>wen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _1\"></span>wo lice<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>heir as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et value<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he high<span class=\"_ _0\"></span>er of F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S o<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>eir value in us<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s wer<span class=\"_ _0\"></span>e dr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>en pr<span class=\"_ _0\"></span>incip<span class=\"_ _0\"></span>ally b<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in t<span class=\"_ _0\"></span>he lo<span class=\"_ _0\"></span>cal c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in whi<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>he pu<span class=\"_ _0\"></span>bs ar<span class=\"_ _0\"></span>e sit<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>Sensitivity to Ch<span class=\"_ _6\"></span>anges<span class=\"_ _6\"></span> in<span class=\"_ _2\"></span> A<span class=\"_ _0\"></span>ssumptions<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>f value in u<span class=\"_ _0\"></span>se is mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t sen<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>chiev<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s, gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and dis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he calc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n of v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e is also de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s: sale<span class=\"_ _0\"></span>s vo<span class=\"_ _0\"></span>lume; gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>rgin in M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>emise<span class=\"_ _0\"></span>s; b<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>ge an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>remis<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>; and w<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st in M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>emise<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>heir as<span class=\"_ _0\"></span>signe<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d on m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t k<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>wle<span class=\"_ _0\"></span>dge a<span class=\"_ _0\"></span>nd hist<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>cal in<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e value in us<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsider a m<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>.5% in th<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e and<span class=\"_ _0\"></span> 0.5% in t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>able w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et y<span class=\"_ _0\"></span>ield cur<span class=\"_ _1\"></span>ves a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t is se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k \u2013 in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(de<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e)<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e by 1.5%<span class=\"_ _24e\"> </span><span class=\"ff4 ls1\">24<span class=\"_ _0\"></span>.7<span class=\"_ _3d\"> </span></span><span class=\"ls15a ws14c\">11<span class=\"_ _0\"></span>.1<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e by 1.5%<span class=\"_ _250\"> </span><span class=\"ff4 ls4e ws6e\">(15<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8)<span class=\"_ _9a\"> </span></span><span class=\"ls94 ws44\">(4.4)<span class=\"_ _2db\"> </span></span>Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e gro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>y 0.5%<span class=\"_ _164\"> </span><span class=\"ff4 ls7c wsb0\">(5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3)<span class=\"_ _1a3\"> </span></span><span class=\"ls48 wse3\">(1.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>De<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e by 0<span class=\"_ _0\"></span>.5%<span class=\"_ _1fb\"> </span><span class=\"ff4 ls1\">6<span class=\"_ _0\"></span>.7<span class=\"_ _1ac\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in use c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is also se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>ns in t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>y fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>demic<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nar<span class=\"_ _1\"></span>y env<span class=\"_ _0\"></span>iro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>umer b<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>iour as a r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sult o<span class=\"_ _0\"></span>f it<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GUs r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he \u201cim<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>\u201d w<span class=\"_ _0\"></span>ould h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>eir F<span class=\"_ _0\"></span>V<span class=\"_ _1\"></span>LC<span class=\"_ _0\"></span>S det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in or<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>de w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d. A gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y value<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>folio wo<span class=\"_ _0\"></span>uld hav<span class=\"_ _0\"></span>e a similar ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>t to t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t abo<span class=\"_ _0\"></span>ve, i.e., a<span class=\"_ _0\"></span>ny r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y value<span class=\"_ _0\"></span>s would le<span class=\"_ _0\"></span>ad t<span class=\"_ _0\"></span>o as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g at ris<span class=\"_ _0\"></span>k of imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. In t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ye<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>, a dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e of 5% in t<span class=\"_ _0\"></span>he F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S would h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e led t<span class=\"_ _0\"></span>o an ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ional im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f \u00a31.9 mi<span class=\"_ _6\"></span>llion for t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GUs w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on F<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>LC<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill<span class=\"_ _2db\"> </span>Goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>ombin<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>een allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>n an es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d div<span class=\"_ _0\"></span>isional C<span class=\"_ _0\"></span>GU le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>his r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he low<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st lev<span class=\"_ _0\"></span>el wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p at w<span class=\"_ _0\"></span>hich g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill is monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis o<span class=\"_ _0\"></span>f goo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>will by o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt is in<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 10. Rec<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on a c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f value in u<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s as disc<span class=\"_ _0\"></span>uss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span>, plant a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>ws b<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e bud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d are e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>pola<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e do<span class=\"_ _0\"></span>es no<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g-t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>alculat<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue in us<span class=\"_ _0\"></span>e are u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d for g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill as th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e for p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, p<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>t and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _2db\"> </span>Se<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s   Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sider<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>aso<span class=\"_ _0\"></span>nable c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in key a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of v<span class=\"_ _0\"></span>alue in use<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>n incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>f 1<span class=\"_ _6\"></span>.5% in th<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e or dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>th of 0<span class=\"_ _0\"></span>.5% wo<span class=\"_ _0\"></span>uld no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>sult in an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. Inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ment Pr<span class=\"_ _0\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ea<span class=\"_ _0\"></span>ch t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>let t<span class=\"_ _0\"></span>o be a C<span class=\"_ _0\"></span>GU an<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>ch C<span class=\"_ _0\"></span>GU is r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nnually f<span class=\"_ _0\"></span>or in<span class=\"_ _0\"></span>dica<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. D<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e 5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>eek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 1Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up did no<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air any in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3nil). Re<span class=\"_ _0\"></span>fer t<span class=\"_ _0\"></span>o no<span class=\"_ _0\"></span>te 12.<span class=\"_ _2db\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-422": {
   "value": "14.  Other Financial Assets and Liabilities Group and Company Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Interest rate cap and collar 0.1  \u2013  0.1  \u2013 Interest rate swaps  \u2013  (0.1)  \u2013  (0.1) Total financial assets/(liabilities) within non-current assets/(liabilities) 0.1 (0.1) 0.1 (0.1) Details of the interest rate cap and collar and interest rate swaps are provided in note 25c (i). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-391": {
   "value": "14.  Other Financial Assets and Liabilities Group and Company Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Interest rate cap and collar 0.1  \u2013  0.1  \u2013 Interest rate swaps  \u2013  (0.1)  \u2013  (0.1) Total financial assets/(liabilities) within non-current assets/(liabilities) 0.1 (0.1) 0.1 (0.1) Details of the interest rate cap and collar and interest rate swaps are provided in note 25c (i). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-392": {
   "value": "15. <span class=\"_ _b\"> </span>I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n Su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y Co<span class=\"_ _0\"></span>st \u00a3m Pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n \u00a3m<span class=\"_ _2db\"> </span>Ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>k va<span class=\"_ _0\"></span>lue  \u00a3m<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _80\"> </span><span class=\"ff3a ls59 ws56\">12<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>8<span class=\"_ _e8\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _104\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span></span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.2)<span class=\"_ _9a\"> </span>(0.2)<span class=\"_ _2db\"> </span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _255\"> </span><span class=\"ff3a ls59 ws56\">12<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _9a\"> </span><span class=\"ls159 ws147\">(11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls15a ws14c\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span></span></span>Imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _254\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _26\"> </span><span class=\"ls94 ws44\">(0.4)<span class=\"_ _9a\"> </span>(0.4)<span class=\"_ _2db\"> </span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1b0\"> </span><span class=\"ls3b ws39\">12<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>8<span class=\"_ _16a\"> </span><span class=\"ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _c1\"> </span><span class=\"ls3d ws3b\">10<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span>Principal sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akings<span class=\"_ _b5\"> </span><span class=\"ws113\">Holding<span class=\"_ _29\"> </span><span class=\"ls1a ws17\">Propor<span class=\"_ _0\"></span>tion held<span class=\"_ _1a3\"> </span><span class=\"ls18 ws1\">N<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f bu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span></span></span></span>Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>in C<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1d0\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span><span class=\"ls16 ws12\">Managed houses<span class=\"_ _6\"></span> service company<span class=\"_ _2db\"> </span></span>Geo<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e Gale an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _215\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>25<span class=\"_ _0\"></span>p \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _9e\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0%<span class=\"_ _2db\"> </span></span>\u00a31<span class=\"_ _2\"></span>0 preference<span class=\"_ _6\"></span> sha<span class=\"_ _6\"></span>res<span class=\"_ _19a\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _2db\"> </span></span>F<span class=\"_ _2\"></span>.S<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>T<span class=\"_ _6\"></span>. T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _257\"> </span>\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>Fuller Smi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _26\"> </span><span class=\"ls4e ws3b\">\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>Ring<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _a9\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fin I<span class=\"_ _0\"></span>nns LTD.<span class=\"_ _258\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _27\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span></span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading<span class=\"_ _0\"></span> sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>4<span class=\"_ _0\"></span>5 Woo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>field L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _84\"> </span>\u00a31 or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>100<span class=\"_ _0\"></span>% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>Gra<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>al T<span class=\"_ _6\"></span>radin<span class=\"_ _0\"></span>g Limi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _259\"> </span>\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>10<span class=\"_ _0\"></span>0% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns I L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _155\"> </span><span class=\"ls4e ws3b\">\u00a31 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _35\"> </span><span class=\"ls33 ws31\">Holding<span class=\"_ _6\"></span> company<span class=\"_ _2db\"> </span></span></span></span>B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns II L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _25a\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span><span class=\"ls33 ws31\">Holdi<span class=\"_ _6\"></span>ng company<span class=\"_ _2db\"> </span></span></span></span>B &amp; D (Co<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ham) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _25b\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>10<span class=\"_ _0\"></span>0% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>B &amp; D (F<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>m) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _25\"> </span><span class=\"ls4e ws3b\">\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _21d\"> </span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>B &amp; D (Kin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>cler<span class=\"_ _0\"></span>e) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _25c\"> </span><span class=\"ls4e ws3b\">\u00a31 or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>10<span class=\"_ _0\"></span>0% (in<span class=\"_ _0\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t)<span class=\"_ _21d\"> </span>No<span class=\"_ _0\"></span>n-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>B &amp; D (Odiha<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _65\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _f0\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _21d\"> </span>Non<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>B &amp; D (Re<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1c1\"> </span>\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span>B &amp; D (<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>in) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _22a\"> </span><span class=\"ls4e ws3b\">\u00a3<span class=\"_ _0\"></span>1 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ading s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>RS<span class=\"_ _0\"></span>H 20<span class=\"_ _1\"></span>0 Limit<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _54\"> </span>\u00a31 or<span class=\"_ _0\"></span>dina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span><span class=\"ls158 ws14f\">10<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _256\"> </span><span class=\"ls33 ws31\">Hold<span class=\"_ _6\"></span>ing<span class=\"_ _6\"></span> company<span class=\"_ _2db\"> </span></span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _a8\"> </span><span class=\"ls4e ws3b\">\u00a31 o<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _89\"> </span>100<span class=\"_ _0\"></span>% (indir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>)<span class=\"_ _e4\"> </span>N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ding s<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diar<span class=\"_ _1\"></span>y<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e in En<span class=\"_ _0\"></span>gland a<span class=\"_ _0\"></span>nd Wale<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d of<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>e of all sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>nies is t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>s Fuller, Smith &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.C. at P<span class=\"_ _0\"></span>ier Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e, 86<span class=\"_ _1\"></span>-9<span class=\"_ _0\"></span>3 St<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>Gr<span class=\"_ _0\"></span>een, L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>n, En<span class=\"_ _0\"></span>gland, W4 3<span class=\"_ _0\"></span>NN.<span class=\"_ _2db\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-393": {
   "value": "16. Leases This note provides information for leases where the Group is a lessee. For leases where the Group is a lessor, see note 28. a) Amounts Recognised in the Balance Sheet Group and Company Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Right-of-use assets Properties  66.2  73.1  65.8  72.6 Equipment  0.2  0.6  0.2  0.6 Vehicles   \u2013  0.1  \u2013  0.1 66.4  73.8  66.0  73.3 Lease liabilities Current   4.8  6.8 4.7 6.5 Non-current   67.0  73.9 66.6 72.8 71.8 80.7 71.3 79.3 Set out below are the carrying amounts of right-of-use assets recognised and the movements during the period: Group Property \u00a3m Equipment \u00a3m Vehicles \u00a3m Total \u00a3m Net carrying value at 27 March 2021 81.3 0.2 0.4 81.9 Lease amendments- rent concessions (2.6) \u2013 \u2013 (2.6) Lease amendments1 1.3 1.1 (0.2) 2.2 Depreciation (6.9) (0.7) (0.1) (7.7) Net carrying value as at 26 March 2022 73.1 0.6 0.1 73.8 Disposals   (1.0)  \u2013   \u2013   (1.0) Lease amendments1 1.3   \u2013   (0.1)  1.2 Depreciation   (6.7)  (0.4)  \u2013   (7.1) Impairment  (0.5)  \u2013   \u2013   (0.5) Net carrying value as at 1 April 2023  66.2   0.2   \u2013   66.4 Company Property \u00a3m Equipment \u00a3m Vehicles \u00a3m Total \u00a3m Net carrying value at 27 March 2021 80.8 0.2 0.4 81.4 Lease amendments- rent concessions (2.6) \u2013 \u2013 (2.6) Lease amendments1 1.3 1.1 (0.2) 2.2 Depreciation (6.9) (0.7) (0.1) (7.7) Net carrying value as at 26 March 2022 72.6 0.6 0.1 73.3 Disposals   (1.0)  \u2013   \u2013   (1.0) Lease amendments1 1.3   \u2013   (0.1)  1.2 Depreciation   (6.6)  (0.4)  \u2013   (7.0) Impairment  (0.5)  \u2013   \u2013   (0.5) Net carrying value as at 1 April 2023  65.8   0.2   \u2013   66.0 1  Lease amendments include lease terminations, modifications, reassessments and extensions to existing lease agreements. Set out below are the carrying amounts of lease liabilities (included under interest bearing loans and borrowings) and the movements during the period: Group \u00a3m Company \u00a3m Net carrying value at 27 March 2021 89.9 88.3 Disposals (3.1) (3.1) Lease amendments- rent concessions (2.6) (2.6) Lease amendments1 2.2 2.2 Accretion of interest  3.1 3.0 Payments  (8.8) (8.5) Net carrying value as at 26 March 2022 80.7 79.3 Disposal (3.1) (2.3) Lease amendments1 1.2 1.2 Accretion of interest  2.9 2.9 Payments 2 (9.9) (9.8) Net carrying value as at 1 April 2023 71.8 71.3 1   Lease amendments include lease terminations, modifications, reassessments and extensions to existing lease agreements. 2  \u00a31.5 million of the payments were payments in advance for FY2024. A maturity analysis of gross lease liability payments is included within note 25. b) Amounts Recognised in the Income Statement Group 53 weeks ended 01 April 2023 \u00a3m 52 weeks ended 27 March 2022 \u00a3m Depreciation charge on right-of-use assets Properties  6.7 6.9 Equipment  0.4  0.7 Vehicles   \u2013  0.1 7.1  7.7 Interest expense (included in finance cost)   2.9  3.1 Expense relating to short-term leases and low value assets (included in operating costs)   0.2  0.4 Expense relating to variable lease payments not included in lease liabilities (included in operating costs)  3.5  1.4 Impairment of right-of-use assets  0.5  \u2013 Income from sub leasing right-of-use assets  (0.2)  (0.2) 6.9  4.7 The Group\u2019s total cash outflow in relation to leases in 2023 was \u00a39.9 million (2022: \u00a38.6 million). Variable lease payments Some property leases contain variable payment terms that are linked to sales generated from a pub. Variable payment terms are used for a variety of reasons, including minimising the fixed costs base for newly established pubs. Variable lease payments that depend on sales are recognised in profit or loss in the period in which the condition that triggers those payments occurs. Variable lease payments recognised in the Income Statement in the year ended 1 April 2023 were \u00a33.5 million (2022: \u00a31.4 million). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-394": {
   "value": "17. Inventories Group and Company Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Stock at trading outlets  4.2  3.6  4.2  3.6 Amounts recognised in profit or loss Inventories recognised as an expense during the year ended 1 April 2023 amounted to \u00a373.6 million (2022: \u00a353.2 million). These were included in operating costs. Inventory is stated net of a provision for obsolete stock of \u00a30.2 million (2022: \u00a30.2 million). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-395": {
   "value": "18.  Trade and Other Receivables Group 2023 \u00a3m 2022 \u00a3m Trade receivables  1.6  1.6 Other receivables  1.4  4.8 Prepayments and accrued income  7.2 4.3 10.2 10.7 Company 2023 \u00a3m 2022 \u00a3m Trade receivables  1.6  1.6 Other receivables  1.4  4.8 Prepayments and accrued income 7.2  4.3 10.2 10.7 At 1 April 2023, the Group has included in other receivables \u00a30.3 million (2022: \u00a30.6 million) in relation to lease receivable for subleases. The trade receivables balance above is shown net of the loss allowance. The Group and Company provide against trade receivables based on an expected credit loss model, calculated from the probability of default for the remaining life of the asset. In measuring the expected credit losses, the trade receivables have been assessed on a collective basis as they possess shared credit risk characteristics. They have been grouped based on the days past due and also according to the geographical location of customers, which is the same for all. The expected loss rates are based on the payment profile for sales over the past 24 months before the Balance Sheet date. The historical rates are adjusted to reflect current and forward-looking macroeconomic factors affecting the customer\u2019s ability to settle the amount outstanding. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. The movements on the loss allowance during the year are summarised below: Group and Company 2023 \u00a3m 2022 \u00a3m Opening balance  0.9  1.0 (Decrease) in loss allowance recognised in profit and loss  \u2013 (0.1) Amounts released for balances written off during the year (0.1)  \u2013 Closing balance  0.8  0.9 The loss allowance for trade receivables is recorded in the accounts separately from the gross receivable. The contractual ageing of the trade receivables balance is as follows: Group and Company Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Current  1.1  1.1  1.1  1.1 Overdue up to 30 days  0.5  0.5  0.5  0.5 Overdue between 30 and 60 days  0.1  0.1  0.1  0.1 Overdue between 60 and 90 days  \u2013  \u2013  \u2013  \u2013 Overdue more than 90 days  0.7  0.8  0.7  0.8 Trade receivables before loss allowance  2.4  2.5  2.4 2.5 Less provision (0.8)  (0.9) (0.8)  (0.9) Trade receivables net of loss allowance   1.6  1.6  1.6  1.6 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-396": {
   "value": "19.  Assets Held for Sale Group \u00a3m Company \u00a3m Assets held for sale as at 26 March 2022  5.4   5.4 Assets disposed of during the year (3.7)  (3.7) Assets transferred from property, plant and equipment  5.7   5.7 Impairment (note 13) (0.4)  (0.4) Assets held for sale as at 1 April 2023  7.0   7.0 At 1 April 2023, seven properties have been classified as held for sale (2022: 19 properties). These properties were reclassified predominantly from property, plant and equipment as the carrying amounts of the properties identified are to be recovered principally through sale transactions rather than through continuing use. Sale is expected within 12 months from the reporting date. An impairment charge of \u00a30.4 million was recognised on reclassifying the property to held for sale (2022: \u00a3nil). Valuations performed are based on observations of transactions involving properties of a similar nature, location and condition. Since this valuation was performed using a significant non-observable input, the fair value measurement can be categorised as a Level 3. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-397": {
   "value": "20.  Trade and Other Payables Due within one year: Group 2023 \u00a3m 2022 \u00a3m Trade payables  19.0  24.4 Other tax and social security  4.7  4.3 Other payables  7.6  7.2 Accruals  19.9  18.2 Contract liabilities  3.4  3.0 54.6  57.1 Due within one year: Company 2023 \u00a3m 2022 \u00a3m Trade payables  19.0  24.4 Amounts due to subsidiary undertakings  143.1 136.7 Other tax and social security  4.7  4.3 Other payables  7.6  7.2 Accruals  19.9  18.2 Contract liabilities  3.4  3.0 197.7  193.8 Company amounts due to subsidiary undertakings of \u00a3143.1 million (2022: \u00a3136.7 million) have no fixed repayment date. Interest is payable on the balance at 3% above the Bank of England base rate. Company amounts due to subsidiary undertakings are unsecured. Contract liabilities relate to deposits received from customers to secure bookings for events and accommodation. The balance will unwind and be recognised as revenue in the following financial year. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-440": {
   "value": "21.  Cash, Borrowings and Net Debt Cash and Short-Term Deposits Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Cash at bank and in hand  14.1  15.6  14.1  15.6 For the purposes of the Consolidated Cash Flow Statement, cash and cash equivalents comprise cash at bank and in hand, as above. Cash at bank earns interest at floating rates. Borrowings Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Bank loans  119.4  120.0  119.4  120.0 Debenture stock  25.9  25.9  25.9  25.9 Preference shares  1.6  1.6  1.6  1.6 Total borrowings  146.9  147.5  146.9  147.5 Analysed as: Borrowings within current liabilities  6.0  120.0  6.0  120.0 Borrowings within non-current liabilities  140.9  27.5  140.9  27.5 146.9  147.5  146.9  147.5 All borrowings at both year ends are denominated in Sterling and, where appropriate, are stated net of issue costs. Further information on borrowings is given in note 25. Bank Loans Group and Company On 27 May 2022, the Group secured a new facility of \u00a3200 million, split between a revolving credit facility of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. The new facilities bear an interest rate margin dependent on leverage covenant plus SONIA. Under the new agreement, there was a minimum liquidity requirement of \u00a310 million until November 2022. From December 2022, there is a covenant suite which consists of net debt to EBITDA (leverage) and EBITDA to net finance charges to be tested quarterly. At 1 April 2023, \u00a379.5 million (2022: \u00a371.2 million) of the total of \u00a3200 million (2022: \u00a3191.7 million) committed bank facility was available and undrawn. The bank loans are repayable as follows: 2023 \u00a3m 2022 \u00a3m On demand or within one year \u2013 120.6 Less: bank loan arrangement fees \u2013 (0.6) Current liabilities \u2013 120.0 In the third to fifth year inclusive  120.5   \u2013 Less: bank loan arrangement fees (1.1)   \u2013 Non-current liabilities  119.4   \u2013 Debenture Stock The debenture stocks are secured on specified fixed and floating assets of the Company and are redeemable on maturity. Debenture stocks are repayable as follows: 2023 \u00a3m 2022 \u00a3m On demand or within one year \u2013 10.70% 1st Mortgage Debenture Stock 2023 6.0  \u2013 Current liabilities 6.0  \u2013 In the first to second year inclusive \u2013 10.70% 1st Mortgage Debenture Stock 2023  \u2013  6.0 In greater than five years \u2013 6.875% Debenture Stock 2028 (1st floating charge)  20.0  20.0 Less: discount on issue (0.1)  (0.1) Non-current liabilities  19.9  25.9 Preference Shares The Company\u2019s preference shares are classified as debt. The shares are not redeemable and are included in borrowings within non-current liabilities. See note 23 for further details of the preference shares. Analysis of Net Debt Group 53 weeks ended 1 April 2023 At 26 March 2022 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 1 April 2023 \u00a3m Cash and cash equivalents: Cash and short-term deposits 15.6 (1.5)  \u2013  14.1 15.6 (1.5)   \u2013   14.1 Financial liabilities: Lease liabilities (80.7) 11.9 (3.0) (71.8) (80.7)  11.9 (3.0)  (71.8) Debt: Bank loans 2 (120.0) 1.5  (0.9) (119.4) Debenture stock (25.9)  \u2013   \u2013  (25.9) Preference shares (1.6)  \u2013   \u2013  (1.6) Total borrowings (147.5) 1.5  (0.9) (146.9) Net debt (212.6) 11.9 (3.9) (204.6) 52 weeks ended 26 March 2022 At 27 March 2021 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 26 March 2022 \u00a3m Cash and cash equivalents: Cash and short-term deposits 17.1 (1.5) \u2013 15.6 17.1 (1.5) \u2013 15.6 Financial liabilities: Lease liabilities (89.9) 10.5 (1.3) (80.7) (89.9) 10.5 (1.3) (80.7) Debt: Bank loans 2 (107.9) (11.4) (0.7) (120.0) CCFF (99.8) 100.0 (0.2) \u2013 Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (235.2) 88.6 (0.9) (147.5) Net debt (308.0) 97.6 (2.2) (212.6) 1  Non-cash movements relate to the amortisation of arrangement fees, arrangement fees accrued and movements in lease liabilities. 2  Bank loans are net of arrangement fees and cash flows include the payment of arrangement fees.  Company 53 weeks ended 1 April 2023 At 26 March 2022 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 1 April 2023 \u00a3m Cash and cash equivalents: Cash and short-term deposits 15.6 (1.5) \u2013 14.1 15.6 (1.5) \u2013 14.1 Financial liabilities: Lease liabilities (79.3)  11.4 (3.4) (71.3) (79.3)  11.4  (3.4)  (71.3) Debt: Bank loans 2 (120.0) 1.5  (0.9) (119.4) Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (147.5) 1.5  (0.9) (146.9) Net debt (211.2) 11.4  (4.3) (204.1) 52 weeks ended 26 March 2022 At 27 March 2021 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 26 March 2022 \u00a3m Cash and cash equivalents: Cash and short-term deposits 16.9  (1.3) \u2013 15.6 16.9  (1.3) \u2013 15.6 Financial liabilities: Lease liabilities (88.3)  10.2 (1.2) (79.3) (88.3)  10.2 (1.2) (79.3) Debt: Bank loans 2 (107.9) (11.4) (0.7) (120.0) CCFF  (99.8) 100.0 (0.2) \u2013 Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (235.2) 88.6 (0.9) (147.5) Net debt (306.6) 97.5 (2.1) (211.2) 1  Non-cash movements relate to the amortisation of arrangement fees, arrangement fees accrued and movements in lease liabilities. 2  Bank loans are net of arrangement fees and cash flows include the payment of arrangement fees. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-423": {
   "value": "21.  Cash, Borrowings and Net Debt Cash and Short-Term Deposits Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Cash at bank and in hand  14.1  15.6  14.1  15.6 For the purposes of the Consolidated Cash Flow Statement, cash and cash equivalents comprise cash at bank and in hand, as above. Cash at bank earns interest at floating rates. Borrowings Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Bank loans  119.4  120.0  119.4  120.0 Debenture stock  25.9  25.9  25.9  25.9 Preference shares  1.6  1.6  1.6  1.6 Total borrowings  146.9  147.5  146.9  147.5 Analysed as: Borrowings within current liabilities  6.0  120.0  6.0  120.0 Borrowings within non-current liabilities  140.9  27.5  140.9  27.5 146.9  147.5  146.9  147.5 All borrowings at both year ends are denominated in Sterling and, where appropriate, are stated net of issue costs. Further information on borrowings is given in note 25. Bank Loans Group and Company On 27 May 2022, the Group secured a new facility of \u00a3200 million, split between a revolving credit facility of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. The new facilities bear an interest rate margin dependent on leverage covenant plus SONIA. Under the new agreement, there was a minimum liquidity requirement of \u00a310 million until November 2022. From December 2022, there is a covenant suite which consists of net debt to EBITDA (leverage) and EBITDA to net finance charges to be tested quarterly. At 1 April 2023, \u00a379.5 million (2022: \u00a371.2 million) of the total of \u00a3200 million (2022: \u00a3191.7 million) committed bank facility was available and undrawn. The bank loans are repayable as follows: 2023 \u00a3m 2022 \u00a3m On demand or within one year \u2013 120.6 Less: bank loan arrangement fees \u2013 (0.6) Current liabilities \u2013 120.0 In the third to fifth year inclusive  120.5   \u2013 Less: bank loan arrangement fees (1.1)   \u2013 Non-current liabilities  119.4   \u2013 Debenture Stock The debenture stocks are secured on specified fixed and floating assets of the Company and are redeemable on maturity. Debenture stocks are repayable as follows: 2023 \u00a3m 2022 \u00a3m On demand or within one year \u2013 10.70% 1st Mortgage Debenture Stock 2023 6.0  \u2013 Current liabilities 6.0  \u2013 In the first to second year inclusive \u2013 10.70% 1st Mortgage Debenture Stock 2023  \u2013  6.0 In greater than five years \u2013 6.875% Debenture Stock 2028 (1st floating charge)  20.0  20.0 Less: discount on issue (0.1)  (0.1) Non-current liabilities  19.9  25.9 Preference Shares The Company\u2019s preference shares are classified as debt. The shares are not redeemable and are included in borrowings within non-current liabilities. See note 23 for further details of the preference shares. Analysis of Net Debt Group 53 weeks ended 1 April 2023 At 26 March 2022 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 1 April 2023 \u00a3m Cash and cash equivalents: Cash and short-term deposits 15.6 (1.5)  \u2013  14.1 15.6 (1.5)   \u2013   14.1 Financial liabilities: Lease liabilities (80.7) 11.9 (3.0) (71.8) (80.7)  11.9 (3.0)  (71.8) Debt: Bank loans 2 (120.0) 1.5  (0.9) (119.4) Debenture stock (25.9)  \u2013   \u2013  (25.9) Preference shares (1.6)  \u2013   \u2013  (1.6) Total borrowings (147.5) 1.5  (0.9) (146.9) Net debt (212.6) 11.9 (3.9) (204.6) 52 weeks ended 26 March 2022 At 27 March 2021 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 26 March 2022 \u00a3m Cash and cash equivalents: Cash and short-term deposits 17.1 (1.5) \u2013 15.6 17.1 (1.5) \u2013 15.6 Financial liabilities: Lease liabilities (89.9) 10.5 (1.3) (80.7) (89.9) 10.5 (1.3) (80.7) Debt: Bank loans 2 (107.9) (11.4) (0.7) (120.0) CCFF (99.8) 100.0 (0.2) \u2013 Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (235.2) 88.6 (0.9) (147.5) Net debt (308.0) 97.6 (2.2) (212.6) 1  Non-cash movements relate to the amortisation of arrangement fees, arrangement fees accrued and movements in lease liabilities. 2  Bank loans are net of arrangement fees and cash flows include the payment of arrangement fees. Company 53 weeks ended 1 April 2023 At 26 March 2022 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 1 April 2023 \u00a3m Cash and cash equivalents: Cash and short-term deposits 15.6 (1.5) \u2013 14.1 15.6 (1.5) \u2013 14.1 Financial liabilities: Lease liabilities (79.3)  11.4 (3.4) (71.3) (79.3)  11.4  (3.4)  (71.3) Debt: Bank loans 2 (120.0) 1.5  (0.9) (119.4) Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (147.5) 1.5  (0.9) (146.9) Net debt (211.2) 11.4  (4.3) (204.1) 52 weeks ended 26 March 2022 At 27 March 2021 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 26 March 2022 \u00a3m Cash and cash equivalents: Cash and short-term deposits 16.9  (1.3) \u2013 15.6 16.9  (1.3) \u2013 15.6 Financial liabilities: Lease liabilities (88.3)  10.2 (1.2) (79.3) (88.3)  10.2 (1.2) (79.3) Debt: Bank loans 2 (107.9) (11.4) (0.7) (120.0) CCFF  (99.8) 100.0 (0.2) \u2013 Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (235.2) 88.6 (0.9) (147.5) Net debt (306.6) 97.5 (2.1) (211.2) 1  Non-cash movements relate to the amortisation of arrangement fees, arrangement fees accrued and movements in lease liabilities. 2  Bank loans are net of arrangement fees and cash flows include the payment of arrangement fees. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-398": {
   "value": "21.  Cash, Borrowings and Net Debt Cash and Short-Term Deposits Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Cash at bank and in hand  14.1  15.6  14.1  15.6 For the purposes of the Consolidated Cash Flow Statement, cash and cash equivalents comprise cash at bank and in hand, as above. Cash at bank earns interest at floating rates. Borrowings Group 2023 \u00a3m Group 2022 \u00a3m Company 2023 \u00a3m Company 2022 \u00a3m Bank loans  119.4  120.0  119.4  120.0 Debenture stock  25.9  25.9  25.9  25.9 Preference shares  1.6  1.6  1.6  1.6 Total borrowings  146.9  147.5  146.9  147.5 Analysed as: Borrowings within current liabilities  6.0  120.0  6.0  120.0 Borrowings within non-current liabilities  140.9  27.5  140.9  27.5 146.9  147.5  146.9  147.5 All borrowings at both year ends are denominated in Sterling and, where appropriate, are stated net of issue costs. Further information on borrowings is given in note 25. Bank Loans Group and Company On 27 May 2022, the Group secured a new facility of \u00a3200 million, split between a revolving credit facility of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. The new facilities bear an interest rate margin dependent on leverage covenant plus SONIA. Under the new agreement, there was a minimum liquidity requirement of \u00a310 million until November 2022. From December 2022, there is a covenant suite which consists of net debt to EBITDA (leverage) and EBITDA to net finance charges to be tested quarterly. At 1 April 2023, \u00a379.5 million (2022: \u00a371.2 million) of the total of \u00a3200 million (2022: \u00a3191.7 million) committed bank facility was available and undrawn. The bank loans are repayable as follows: 2023 \u00a3m 2022 \u00a3m On demand or within one year \u2013 120.6 Less: bank loan arrangement fees \u2013 (0.6) Current liabilities \u2013 120.0 In the third to fifth year inclusive  120.5   \u2013 Less: bank loan arrangement fees (1.1)   \u2013 Non-current liabilities  119.4   \u2013 Debenture Stock The debenture stocks are secured on specified fixed and floating assets of the Company and are redeemable on maturity. Debenture stocks are repayable as follows: 2023 \u00a3m 2022 \u00a3m On demand or within one year \u2013 10.70% 1st Mortgage Debenture Stock 2023 6.0  \u2013 Current liabilities 6.0  \u2013 In the first to second year inclusive \u2013 10.70% 1st Mortgage Debenture Stock 2023  \u2013  6.0 In greater than five years \u2013 6.875% Debenture Stock 2028 (1st floating charge)  20.0  20.0 Less: discount on issue (0.1)  (0.1) Non-current liabilities  19.9  25.9 Preference Shares The Company\u2019s preference shares are classified as debt. The shares are not redeemable and are included in borrowings within non-current liabilities. See note 23 for further details of the preference shares. Analysis of Net Debt Group 53 weeks ended 1 April 2023 At 26 March 2022 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 1 April 2023 \u00a3m Cash and cash equivalents: Cash and short-term deposits 15.6 (1.5)  \u2013  14.1 15.6 (1.5)   \u2013   14.1 Financial liabilities: Lease liabilities (80.7) 11.9 (3.0) (71.8) (80.7)  11.9 (3.0)  (71.8) Debt: Bank loans 2 (120.0) 1.5  (0.9) (119.4) Debenture stock (25.9)  \u2013   \u2013  (25.9) Preference shares (1.6)  \u2013   \u2013  (1.6) Total borrowings (147.5) 1.5  (0.9) (146.9) Net debt (212.6) 11.9 (3.9) (204.6) 52 weeks ended 26 March 2022 At 27 March 2021 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 26 March 2022 \u00a3m Cash and cash equivalents: Cash and short-term deposits 17.1 (1.5) \u2013 15.6 17.1 (1.5) \u2013 15.6 Financial liabilities: Lease liabilities (89.9) 10.5 (1.3) (80.7) (89.9) 10.5 (1.3) (80.7) Debt: Bank loans 2 (107.9) (11.4) (0.7) (120.0) CCFF (99.8) 100.0 (0.2) \u2013 Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (235.2) 88.6 (0.9) (147.5) Net debt (308.0) 97.6 (2.2) (212.6) 1  Non-cash movements relate to the amortisation of arrangement fees, arrangement fees accrued and movements in lease liabilities. 2  Bank loans are net of arrangement fees and cash flows include the payment of arrangement fees. Company 53 weeks ended 1 April 2023 At 26 March 2022 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 1 April 2023 \u00a3m Cash and cash equivalents: Cash and short-term deposits 15.6 (1.5) \u2013 14.1 15.6 (1.5) \u2013 14.1 Financial liabilities: Lease liabilities (79.3)  11.4 (3.4) (71.3) (79.3)  11.4  (3.4)  (71.3) Debt: Bank loans 2 (120.0) 1.5  (0.9) (119.4) Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (147.5) 1.5  (0.9) (146.9) Net debt (211.2) 11.4  (4.3) (204.1) 52 weeks ended 26 March 2022 At 27 March 2021 \u00a3m Cash flows \u00a3m Non-cash1 \u00a3m At 26 March 2022 \u00a3m Cash and cash equivalents: Cash and short-term deposits 16.9  (1.3) \u2013 15.6 16.9  (1.3) \u2013 15.6 Financial liabilities: Lease liabilities (88.3)  10.2 (1.2) (79.3) (88.3)  10.2 (1.2) (79.3) Debt: Bank loans 2 (107.9) (11.4) (0.7) (120.0) CCFF  (99.8) 100.0 (0.2) \u2013 Debenture stock (25.9) \u2013 \u2013 (25.9) Preference shares (1.6) \u2013 \u2013 (1.6) Total borrowings (235.2) 88.6 (0.9) (147.5) Net debt (306.6) 97.5 (2.1) (211.2) 1  Non-cash movements relate to the amortisation of arrangement fees, arrangement fees accrued and movements in lease liabilities. 2  Bank loans are net of arrangement fees and cash flows include the payment of arrangement fees. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-399": {
   "value": "2<span class=\"_ _6\"></span>2.<span class=\"_ _6\"></span> P<span class=\"_ _6\"></span>ensions<span class=\"_ _2db\"> </span>a) <span class=\"_ _b\"> </span>Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t B<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t Pl<span class=\"_ _0\"></span>ans \u2013 G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s one cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me, t<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>uller Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsion P<span class=\"_ _0\"></span>lan (\u201c<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u201d). T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>lan is de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t in nat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld in sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ssion<span class=\"_ _0\"></span>ally ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed, t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me is an H<span class=\"_ _0\"></span>M Rev<span class=\"_ _0\"></span>enu<span class=\"_ _0\"></span>e &amp; Cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>gist<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion plan<span class=\"_ _0\"></span> and su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd U<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ed K<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>dom p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sion an<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x la<span class=\"_ _0\"></span>w. On 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y 2015 the pla<span class=\"_ _0\"></span>n was clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup also o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>es a de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n plan<span class=\"_ _0\"></span>s for i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>uller\u2019s St<span class=\"_ _0\"></span>akeh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>r Pen<span class=\"_ _0\"></span>sion P<span class=\"_ _0\"></span>lan w<span class=\"_ _0\"></span>as se<span class=\"_ _0\"></span>t up f<span class=\"_ _0\"></span>or ne<span class=\"_ _0\"></span>w emplo<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny af<span class=\"_ _1\"></span>ter t<span class=\"_ _0\"></span>he clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he F<span class=\"_ _0\"></span>uller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsion P<span class=\"_ _0\"></span>lan t<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>w ent<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n 1 Au<span class=\"_ _0\"></span>gus<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>ce p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>ns t<span class=\"_ _0\"></span>o all employ<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n plan. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up of<span class=\"_ _1\"></span>fer<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>nsions t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh t<span class=\"_ _0\"></span>he Na<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal E<span class=\"_ _0\"></span>mplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t S<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ings T<span class=\"_ _6\"></span>ru<span class=\"_ _0\"></span>st (\u201cN<span class=\"_ _0\"></span>ES<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>\u201d)<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup also p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ys b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d, to a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r empl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nsider t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o be d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it in n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ure a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e full de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t liabilit<span class=\"_ _0\"></span>y is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Group and Company<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3 \u00a3m<span class=\"_ _2db\"> </span>52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _2db\"> </span>(Credited)/cha<span class=\"_ _6\"></span>rged to Income Statement:<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e \u2013 ne<span class=\"_ _0\"></span>t fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t \u2013 sep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>s<span class=\"_ _f8\"> </span><span class=\"ff4 ls1 ws91\"> (<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>) <span class=\"_ _94\"> </span></span><span class=\"ls1\">\u2013<span class=\"_ _2db\"> </span></span>Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s and N<span class=\"_ _0\"></span>ES<span class=\"_ _0\"></span>T \u2013 t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _232\"> </span><span class=\"ff4 ls1 ws91\"> 2.<span class=\"_ _1\"></span>2 <span class=\"_ _168\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _1\"></span>9</span> 1.7 <span class=\"_ _168\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>Charge/(Credit) to<span class=\"_ _6\"></span> equity<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es \u2013 n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial los<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(<span class=\"_ _0\"></span>gains)<span class=\"_ _284\"> </span><span class=\"ff4 ls1\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _3c\"> </span></span><span class=\"ls3c ws3a\">(<span class=\"_ _0\"></span>15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5)<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>tal pension charge<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(credit)<span class=\"_ _24e\"> </span><span class=\"ls1 ws1\">4.<span class=\"_ _1\"></span>2 <span class=\"_ _3c\"> </span><span class=\"ff3b ls157 ws14b\">(13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6)<span class=\"_ _2db\"> </span></span></span>b)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Defined Cont<span class=\"_ _0\"></span>ribution St<span class=\"_ _0\"></span>akeholder<span class=\"_ _6\"></span> Pension Pla<span class=\"_ _6\"></span>ns \u2013 Group and<span class=\"_ _6\"></span> Company<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>st c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n st<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is sho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e. c) <span class=\"_ _b\"> </span>De<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ned B<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t Pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>s \u2013 Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p and C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d lump su<span class=\"_ _0\"></span>ms to m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>tire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>heir de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n dea<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h.<span class=\"_ _2db\"> </span>T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s are a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>oint<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _6\"></span>s memb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ship an<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e and all rel<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ant s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding t<span class=\"_ _0\"></span>he mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y. The Trust<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e also r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sible fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme\u2019s asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s as d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gular ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o us<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to v<span class=\"_ _0\"></span>alue t<span class=\"_ _0\"></span>he liabilitie<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>as th<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ting as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s mus<span class=\"_ _0\"></span>t be b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s.<span class=\"_ _2db\"> </span>Res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nsibilit<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>or m<span class=\"_ _0\"></span>akin<span class=\"_ _0\"></span>g goo<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>y def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme lies w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny an<span class=\"_ _0\"></span>d this in<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s for t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any. Th<span class=\"_ _0\"></span>e major r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s are:<span class=\"_ _0\"></span> \u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t and in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>isk \u2013 T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e value o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _6\"></span>s ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to v<span class=\"_ _0\"></span>olat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me ha<span class=\"_ _0\"></span>s div<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied i<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>o </span>re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f vola<span class=\"_ _0\"></span>tilit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd v<span class=\"_ _0\"></span>ariab<span class=\"_ _0\"></span>le int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">In<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n risk \u2013 T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is linked t<span class=\"_ _0\"></span>o inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n so hig<span class=\"_ _0\"></span>her r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s would r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sult in a high<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </span>\u2022 <span class=\"_ _59\"></span><span class=\"fc5 ws1\">L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>isk \u2013 A<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ov<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions ap<span class=\"_ _0\"></span>plied w<span class=\"_ _0\"></span>ill incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it obliga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y and Trus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s and m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge t<span class=\"_ _0\"></span>hem t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh ap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>undin<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>egie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Trus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge gov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al ris<span class=\"_ _0\"></span>ks t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h a numb<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>nal c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ol policie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>gular ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>ually c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t ev<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>y thr<span class=\"_ _0\"></span>ee y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s. I<span class=\"_ _0\"></span>n A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 tr<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>nial valua<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>as c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>clude<span class=\"_ _0\"></span>d, and t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>any h<span class=\"_ _0\"></span>as agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d to c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to p<span class=\"_ _0\"></span>ay c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in<span class=\"_ _0\"></span>to t<span class=\"_ _0\"></span>he P<span class=\"_ _0\"></span>lan in line wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e exis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>lan. U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r this pl<span class=\"_ _0\"></span>an, de<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s st<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ted a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.2 million per a<span class=\"_ _0\"></span>nnum in J<span class=\"_ _0\"></span>uly 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e are p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yabl<span class=\"_ _0\"></span>e in equ<span class=\"_ _0\"></span>al mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>almen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y in line w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I. A<span class=\"_ _0\"></span>s of Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, th<span class=\"_ _0\"></span>e def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o \u00a3<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>4 mill<span class=\"_ _6\"></span>ion. F<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r cer<span class=\"_ _1\"></span>tain C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>hold p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alue of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.8 million at<span class=\"_ _0\"></span> 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3) h<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>en pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Plan a<span class=\"_ _0\"></span>s addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e value o<span class=\"_ _0\"></span>f whi<span class=\"_ _0\"></span>ch will be r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d at e<span class=\"_ _0\"></span>ach t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iennial v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e nex<span class=\"_ _1\"></span>t trie<span class=\"_ _0\"></span>nnial valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is due o<span class=\"_ _0\"></span>n 30 J<span class=\"_ _0\"></span>uly 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>gure<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g disclo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d unit c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as no<span class=\"_ _0\"></span>t inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in any o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup\u2019s own f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or in pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ties or o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in us<span class=\"_ _0\"></span>e by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Key assumpt<span class=\"_ _0\"></span>ions<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he ke<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alua<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me ar<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t belo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Mortal<span class=\"_ _6\"></span>ity a<span class=\"_ _6\"></span>ssumpt<span class=\"_ _6\"></span>io<span class=\"_ _6\"></span>ns<span class=\"_ _2db\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _2db\"> </span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 6<span class=\"_ _0\"></span>5) \u2013 male<span class=\"_ _0\"></span>s<span class=\"_ _27a\"> </span><span class=\"ff4 lsc5 wsbf\">22.0<span class=\"_ _dd\"> </span></span><span class=\"lsd ws16\">2<span class=\"_ _0\"></span>2.2<span class=\"_ _2db\"> </span></span>Cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 6<span class=\"_ _0\"></span>5) \u2013 fe<span class=\"_ _0\"></span>male<span class=\"_ _0\"></span>s<span class=\"_ _285\"> </span><span class=\"ff4 lsc5 wsbf\">24.2<span class=\"_ _9a\"> </span></span><span class=\"ls14 ws10\">24.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span>Fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 65<span class=\"_ _0\"></span>) \u2013 male<span class=\"_ _0\"></span>s<span class=\"_ _286\"> </span><span class=\"ff4 lse4 wsdf\">23.3<span class=\"_ _e8\"> </span></span><span class=\"ls5c ws4a\">23.6<span class=\"_ _2db\"> </span></span>Fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ure p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sione<span class=\"_ _0\"></span>rs (a<span class=\"_ _0\"></span>t 65<span class=\"_ _0\"></span>) \u2013 fem<span class=\"_ _0\"></span>ales<span class=\"_ _287\"> </span><span class=\"ff4 ls1\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7<span class=\"_ _e8\"> </span></span><span class=\"ls12 ws91\">25.9<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me is no<span class=\"_ _0\"></span>w clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge ag<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho w<span class=\"_ _0\"></span>ere a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>t closu<span class=\"_ _0\"></span>re is 5<span class=\"_ _0\"></span>8 f<span class=\"_ _0\"></span>or male<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d 5<span class=\"_ _0\"></span>5 for f<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ales. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age a<span class=\"_ _0\"></span>ge of all non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsion<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s is 57<span class=\"_ _6\"></span>.<span class=\"_ _2db\"> </span>Ke<span class=\"_ _0\"></span>y fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _288\"> </span><span class=\"ls139 ws12b\">2023<span class=\"_ _1a3\"> </span><span class=\"ff3b ls14a ws14e\">2022<span class=\"_ _2db\"> </span></span></span>Ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase in p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sions in p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _269\"> </span><span class=\"ff4 lse4 wsdf\">3.20%<span class=\"_ _c1\"> </span></span><span class=\"ls125 ws13a\">3.7<span class=\"_ _0\"></span>5%<span class=\"_ _2db\"> </span></span>Disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _273\"> </span><span class=\"ff4 ls1\">4<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _108\"> </span></span><span class=\"ls5c ws4a\">3.0<span class=\"_ _0\"></span>0%<span class=\"_ _2db\"> </span></span>Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion \u2013 R<span class=\"_ _0\"></span>PI<span class=\"_ _289\"> </span><span class=\"ff4 lse4 wsdf\">3.20<span class=\"_ _0\"></span>%<span class=\"_ _7a\"> </span></span><span class=\"ls5c ws4a\">3.<span class=\"_ _0\"></span>80<span class=\"_ _0\"></span>%<span class=\"_ _2db\"> </span></span>Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ion \u2013 C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I (pr<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0/p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0)<span class=\"_ _28a\"> </span><span class=\"ff4 ls143 ws133\">2.3%/3.2%<span class=\"_ _ff\"> </span></span><span class=\"ls33 ws30\">2.9%/3.8%<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>e of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me liabilitie<span class=\"_ _0\"></span>s is se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d, as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>Impact on Scheme l<span class=\"_ _6\"></span>iabil<span class=\"_ _6\"></span>ities \u2013 i<span class=\"_ _6\"></span>ncrease/<span class=\"_ _0\"></span>(decrease)<span class=\"_ _2db\"> </span>1<span class=\"_ _2db\"> </span>2023 \u00a3m<span class=\"_ _2db\"> </span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e by 0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _6\"></span>%<span class=\"_ _28b\"> </span><span class=\"ff4 ls39 ws37\">(1.<span class=\"_ _1\"></span>2) <span class=\"_ _2e\"> </span></span><span class=\"ls15a ws14c\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.1)<span class=\"_ _2db\"> </span></span>Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e infla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n by 0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1%2 0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> <span class=\"_ _26\"> </span><span class=\"ff3b ls48 wse3\">1.<span class=\"_ _0\"></span>3<span class=\"_ _2db\"> </span></span>Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e life ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cies b<span class=\"_ _0\"></span>y 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _1a4\"> </span><span class=\"ff4 lse4 ws131\"> 3.9<span class=\"_ _6\"></span> <span class=\"_ _e7\"> </span><span class=\"ff3b ls12 ws91\">6.2<span class=\"_ _2db\"> </span></span></span>1 <span class=\"_ _7\"> </span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge in a<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>hils<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng all o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t. I<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>his i<span class=\"_ _0\"></span>s unlik<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y to o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cur a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in so<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>y be c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. W<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>o ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>ame a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ial m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>d has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>lied a<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. Due t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ual o<span class=\"_ _0\"></span>n 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>y 2015, t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e no lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me. A<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>t cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e did n<span class=\"_ _0\"></span>ot main<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain a s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y lin<span class=\"_ _0\"></span>k on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eir p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>alar<span class=\"_ _1\"></span>y inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r ha<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>n im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me\u2019s liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>2  <span class=\"_ _5\"> </span>Fo<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs w<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e at c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ir pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>w in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e in de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in li<span class=\"_ _0\"></span>ne w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I in<span class=\"_ _0\"></span>fla<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _2db\"> </span>At<span class=\"_ _2db\"> </span>1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>At<span class=\"_ _2db\"> </span>26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u00a3m<span class=\"_ _2db\"> </span>Corp<span class=\"_ _0\"></span>orate bon<span class=\"_ _0\"></span>ds<span class=\"_ _28c\"> </span><span class=\"ff4 ls80 ws83\"> 56.4 <span class=\"_ _17b\"> </span></span><span class=\"ws91\">25.0<span class=\"_ _2db\"> </span></span>Index li<span class=\"_ _6\"></span>nked debt instrument<span class=\"_ _0\"></span>s<span class=\"_ _1af\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7 <span class=\"_ _17b\"> </span><span class=\"ff3b ls12\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _2db\"> </span></span></span>Overseas equ<span class=\"_ _6\"></span>ities<span class=\"_ _28c\"> </span><span class=\"ff4 ls1 ws91\"> 6.<span class=\"_ _0\"></span>6 <span class=\"_ _33\"> </span></span><span class=\"ls48 wse3\">3<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span>Alternatives<span class=\"_ _2db\"> </span>1 1<span class=\"_ _6\"></span>9.0 <span class=\"_ _41\"> </span><span class=\"ff3b ls8a ws7d\">5<span class=\"_ _0\"></span>6.5<span class=\"_ _2db\"> </span></span>Cash<span class=\"_ _243\"> </span><span class=\"ff4 ls1 ws91\"> 0.<span class=\"_ _0\"></span>3 <span class=\"_ _26\"> </span></span><span class=\"ls48 wse3\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span>A<span class=\"_ _0\"></span>nnui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _28d\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _e7\"> </span></span><span class=\"ls5c ws4a\">3.3<span class=\"_ _2db\"> </span></span>T<span class=\"_ _6\"></span>ot<span class=\"_ _0\"></span>al m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t valu<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>f as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _203\"> </span><span class=\"ls14e ws13e\">11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _44\"> </span><span class=\"ff3b ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span></span>1 <span class=\"_ _8\"> </span>Al<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d of h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s in di<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 \u00a3m<span class=\"_ _2db\"> </span>2022 \u00a3m<span class=\"_ _2db\"> </span>Fair v<span class=\"_ _0\"></span>alue of S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _201\"> </span><span class=\"ff4 ls14e ws13e\">11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _44\"> </span></span><span class=\"ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _2db\"> </span></span>Pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value o<span class=\"_ _0\"></span>f S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _287\"> </span><span class=\"ff4 ls7c wsb0\">(9<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8)<span class=\"_ _7a\"> </span></span><span class=\"ls59 ws56\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2db\"> </span></span>Su<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>lus i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me<span class=\"_ _1e3\"> </span><span class=\"ls13 ws5e\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _9a\"> </span><span class=\"ff3b ls85 ws9b\">14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span></span></span>Inclu<span class=\"_ _0\"></span>ded w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t value o<span class=\"_ _0\"></span>f Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e liabilities o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>8 million (20<span class=\"_ _0\"></span>21: \u00a31<span class=\"_ _6\"></span>29<span class=\"_ _0\"></span>.6 million) are liabilities o<span class=\"_ _0\"></span>f \u00a31.5 mil<span class=\"_ _6\"></span>lion (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>.9 mill<span class=\"_ _6\"></span>ion) whi<span class=\"_ _0\"></span>ch ar<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>tirel<span class=\"_ _0\"></span>y un<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en s<span class=\"_ _0\"></span>how<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e is no r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t to of<span class=\"_ _1\"></span>fse<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e again<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e.<span class=\"_ _2db\"> </span><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls18 ws1 gs6db\">De<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t obli<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _b1\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts<span class=\"_ _e7\"> </span>N<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>us<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs6dc\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs6dd\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs6de\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs6df\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs6e0\">2023<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws26 gs6e1\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls14a ws14e gs6e2\">2022</div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws1f gs6e3\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls139 ws12b gs6e4\">2023</div><div class=\"t m0 he ff4 fs6 fc5 sc0 ls2a ws14d gs6e5\"> \u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls1 ws1 gs6e6\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m0 hc0 ff3b fs6 fc5 sc0 ls22 ws15 gs6e7\">\u00a3m<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6e8\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _23\"> </span><span class=\"ff4 ls4e ws3b\"> (12<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6)<span class=\"_ _e1\"> </span></span><span class=\"ls156 ws148\"> (<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>7.<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _e1\"> </span><span class=\"ff4 lse4 ws131\"> 143.9 <span class=\"_ _43\"> </span></span><span class=\"ls85 ws3f\"> 14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> <span class=\"_ _33\"> </span><span class=\"ff4 ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _8f\"> </span></span><span class=\"ls5c wsd0\"> (3.5)<span class=\"_ _2db\"> </span></span></span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 lsb ws1 gs6e9\">Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ss<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls2c ws28 gs6ea\">Net i<span class=\"_ _6\"></span>nterest<span class=\"_ _6\"></span> cred<span class=\"_ _6\"></span>it<span class=\"_ _28e\"> </span><span class=\"ff4 lse4 ws131\"> (3.9<span class=\"_ _6\"></span>)<span class=\"_ _41\"> </span><span class=\"ff3b ls3d ws4a\"> (2.<span class=\"_ _0\"></span>8)<span class=\"_ _2e\"> </span></span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.8 <span class=\"_ _e8\"> </span></span> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lse4 ws131 gs6eb\"> (3.9<span class=\"_ _6\"></span>)<span class=\"_ _41\"> </span><span class=\"ff3b ls3d ws4a\"> (2.<span class=\"_ _0\"></span>8)<span class=\"_ _2e\"> </span></span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.8 <span class=\"_ _e8\"> </span></span> 0.<span class=\"_ _0\"></span>5 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls33 ws31 gs6ec\">Included i<span class=\"_ _6\"></span>n other comprehensive Income<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws12 gs6ed\">Actuarial<span class=\"_ _6\"></span> (<span class=\"_ _6\"></span>losses<span class=\"_ _6\"></span>)/ga<span class=\"_ _6\"></span>i<span class=\"_ _6\"></span>n rel<span class=\"_ _6\"></span>ati<span class=\"_ _6\"></span>ng to<span class=\"_ _6\"></span>:<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls59 ws1 gs6ee\">Ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ual r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n les<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n on S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e\u2019<span class=\"_ _6\"></span>s asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _1ab\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 <span class=\"_ _85\"> </span></span><span class=\"ls5c wsd0\"> (3<span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>0)<span class=\"_ _dd\"> </span></span><span class=\"ff3b\"> 0.6 <span class=\"_ _85\"> </span></span><span class=\"ls5c wsd0\"> (3<span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>0)<span class=\"_ _dd\"> </span></span><span class=\"ff3b\"> 0.<span class=\"_ _0\"></span>6 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls14e ws3b gs6ef\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>erie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e gain<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g on S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _28f\"> </span><span class=\"ff4 ls1 ws91\"> 2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span></span><span class=\"ls85 ws3f\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 <span class=\"_ _e3\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _b7\"> </span><span class=\"ff3b\"> \u2013 <span class=\"_ _91\"> </span></span> 2<span class=\"_ _1\"></span>9.<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span></span> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs6f0\"> 2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span><span class=\"ff3b ls85 ws3f\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>9 <span class=\"_ _85\"> </span></span><span class=\"ls5c wsd0\"> (3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0)<span class=\"_ _dd\"> </span></span><span class=\"ff3b\"> 0.<span class=\"_ _0\"></span>6 <span class=\"_ _e4\"> </span></span><span class=\"ls86 ws1d\"> (2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5)<span class=\"_ _96\"> </span><span class=\"ff3b ls3c ws152\"> 15<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h34 ff4 fs4 fc5 sc0 ls7b ws7b gs6f1\">Ot<span class=\"_ _0\"></span>her<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls4e ws3b gs6f2\">Em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ions<span class=\"_ _290\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 <span class=\"_ _dd\"> </span></span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.3 <span class=\"_ _dd\"> </span></span> 2<span class=\"_ _1\"></span>.3 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.3 </span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 ls13 ws39 gs6f3\">Be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>aid<span class=\"_ _291\"> </span><span class=\"ff4 ls1 ws91\"> 5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 5.6 <span class=\"_ _e4\"> </span></span><span class=\"ls16 ws12\"> (5.<span class=\"_ _0\"></span>2)<span class=\"_ _16a\"> </span></span></span><span class=\"ls94 wsad\"> (5.<span class=\"_ _0\"></span>6)<span class=\"_ _94\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _e3\"> </span><span class=\"ff3b\"> \u2013 </span></span></span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 ls1 ws91 gs6f4\"> 5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 5.6 <span class=\"_ _e4\"> </span></span><span class=\"ls5c wsd0\"> (2<span class=\"_ _1\"></span>.9)<span class=\"_ _17b\"> </span><span class=\"ff3b ls4e ws3b\"> (<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>3)<span class=\"_ _2e\"> </span></span></span> 2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _9a\"> </span><span class=\"ff3b\"> 2.3 </span></div><div class=\"t m0 hbb ff4 fs4 fc5 sc0 lsb ws1 gs6f5\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ear<span class=\"_ _cf\"> </span><span class=\"ls7c ws16\"> (9<span class=\"_ _1\"></span>8.<span class=\"_ _0\"></span>8)<span class=\"_ _34\"> </span><span class=\"ff3b ls59 ws9b\"> (12<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _43\"> </span></span><span class=\"ls14e ws5b\"> 11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>4 <span class=\"_ _190\"> </span><span class=\"ff3b ls85 ws3f\"> 14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _44\"> </span></span><span class=\"ls13 ws39\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _8f\"> </span><span class=\"ff3b ls85 ws3f\"> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6f6\">T<span class=\"_ _0\"></span>he wei<span class=\"_ _0\"></span>ght<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge dur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me\u2019<span class=\"_ _6\"></span>s liabilities a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e end o<span class=\"_ _0\"></span>f t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d is 17 year<span class=\"_ _0\"></span>s (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: 17 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s). </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6f7\">T<span class=\"_ _0\"></span>he to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ye<span class=\"_ _0\"></span>ar ar<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.4 million for t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny. Follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>clusion o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6f8\">20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iennial v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion in A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, i<span class=\"_ _0\"></span>t wa<span class=\"_ _0\"></span>s agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any w<span class=\"_ _0\"></span>ould c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinue t<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>ay c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in line wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>y plan. U<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r this </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6f9\">plan, de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cit r<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.2 million per a<span class=\"_ _0\"></span>nnum in J<span class=\"_ _0\"></span>uly 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e are p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le in equ<span class=\"_ _0\"></span>al mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hly ins<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>almen<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6fa\">in line wit<span class=\"_ _0\"></span>h C<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>I. A<span class=\"_ _0\"></span>s of J<span class=\"_ _0\"></span>anuar<span class=\"_ _1\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e incr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to \u00a3<span class=\"_ _1\"></span>2.4 million. T<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit p<span class=\"_ _0\"></span>lan w<span class=\"_ _0\"></span>ill be rev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d at t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t </div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs6fb\">tr<span class=\"_ _0\"></span>iennial v<span class=\"_ _0\"></span>aluat<span class=\"_ _0\"></span>ion, w<span class=\"_ _0\"></span>hich is d<span class=\"_ _0\"></span>ue on 3<span class=\"_ _0\"></span>0 Jul<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. No f<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>ther p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re m<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e is no<span class=\"_ _0\"></span>w clos<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual.<span class=\"_ _2db\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-424": {
   "value": "b)  Defined Contribution Stakeholder Pension Plans \u2013 Group and Company The total cost charged to income in respect of the defined contribution stakeholder schemes is shown in the total operating charge above. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-425": {
   "value": "c)  Defined Benefit Plans \u2013 Group and Company The Scheme provides pensions and lump sums to members on retirement and to their dependants on death. Trustees are appointed by both the Company and the Scheme\u2019s membership and act in the interest of the Scheme and all relevant stakeholders, including the members and the Company. The Trustees are also responsible for the investment of the Scheme\u2019s assets. The Company pays the costs as determined by regular actuarial valuations. The Trustees are required to use prudent assumptions to value the liabilities and costs of the Scheme whereas the accounting assumptions must be best estimates. Responsibility for making good any deficit on the Scheme lies with the Company and this introduces a number of risks for the Company. The major risks are: \u2022 Interest and investment risk \u2013 The value of the Scheme\u2019s assets are subject to volatility in equity prices. The Scheme has diversified its investments to reduce the impact of volatility and variable interest return rates \u2022 Inflation risk \u2013 The defined benefit obligation is linked to inflation so higher rates would result in a higher defined benefit obligation \u2022 Longevity risk \u2013 An increase over the assumptions applied will increase the defined benefit obligation. The Company and Trustees are aware of these risks and manage them through appropriate investment and funding strategies. The Trustees manage governance and operational risks through a number of internal control policies. The Scheme is subject to regular actuarial valuations, which are usually carried out every three years. In April 2023, the 2022 triennial valuation was concluded, and the Company has agreed to continue to pay contributions into the Plan in line with the existing recovery plan. Under this plan, deficit reduction contributions started at \u00a32.2 million per annum in July 2022. These are payable in equal monthly instalments and increase each January in line with CPI. As of January 2023, the deficit reduction contributions have increased to \u00a32.4 million. Fixed security over certain Company\u2019s freehold properties (with a net book value of \u00a329.8 million at 1 April 2023) has been provided to the Plan as additional security, the value of which will be reviewed at each triennial valuation. The next triennial valuation is due on 30 July 2025. The figures in the following disclosures were measured using the projected unit credit method. The Scheme has not invested in any of the Group\u2019s own financial instruments or in properties or other assets in use by the Group. Key assumptions The key assumptions used in the valuation of the Scheme are set out below: Mortality assumptions 2023 Years 2022 Years Current pensioners (at 65) \u2013 males 22.0 22.2 Current pensioners (at 65) \u2013 females 24.2 24.5 Future pensioners (at 65) \u2013 males 23.3 23.6 Future pensioners (at 65) \u2013 females 25.7 25.9 The Scheme is now closed to future accrual. The average age of the members who were active at closure is 58 for males and 55 for females. The average age of all non-pensioners is 57. Key financial assumptions used in the valuation of the Scheme 2023 2022 Rate of increase in pensions in payment 3.20% 3.75% Discount rate 4.75% 3.00% Inflation assumption \u2013 RPI 3.20% 3.80% Inflation assumption \u2013 CPI (pre 2030/post 2030) 2.3%/3.2% 2.9%/3.8% The present value of the Scheme liabilities is sensitive to the assumptions used, as follows: Impact on Scheme liabilities \u2013 increase/(decrease) 1 2023 \u00a3m 2022 \u00a3m Increase discount rate by 0.1% (1.2)  (2.1) Increase inflation assumption by 0.1%2 0.1  1.3 Increase life expectancies by 1 year  3.9  6.2 1  The sensitivity analyses are based on a change in an assumption whilst holding all of the other assumptions constant. In practice, this is unlikely to occur and changes in some of the assumptions may be correlated. When calculating the sensitivity to change, the same actuarial method has been applied as when calculating the pension liability within the Balance Sheet. Due to the Scheme closing to future accrual on 1 January 2015, there are no longer any active members in the Scheme. As the members who were active at closure did not maintain a salary link on their past service benefits, the future salary increase assumptions no longer have an impact on the Scheme\u2019s liabilities. 2   For members who were active at closure, their pensions now increase in deferment in line with CPI inflation. Assets in the Scheme At 1 April 2023 \u00a3m At 26 March 2022 \u00a3m Corporate bonds  56.4  25.0 Index linked debt instruments  28.7  26.0 Overseas equities  6.6  31.5 Alternatives 1 19.0  56.5 Cash  0.3  1.6 Annuities  2.4  3.3 Total market value of assets 113.4 143.9 1  Alternatives is composed of holdings in diversified growth investment funds. 2023 \u00a3m 2022 \u00a3m Fair value of Scheme assets 113.4 143.9 Present value of Scheme liabilities (98.8) (129.6) Surplus in the Scheme 14.6 14.3 Included within the total present value of Group and Company Scheme liabilities of \u00a398.8 million (2021: \u00a3129.6 million) are liabilities of \u00a31.5 million (2022: \u00a31.9 million) which are entirely unfunded. These have been shown separately on the Balance Sheet as there is no right to offset the assets of the funded Scheme against the unfunded Scheme. Defined benefit obligation Fair value of Scheme assets Net defined benefit surplus 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Balance at beginning of the year  (129.6)  (147.3)  143.9   143.8   14.3   (3.5) Included in profit and loss Net interest credit  (3.9)  (2.8)  4.4   2.8   0.5   \u2013  (3.9)  (2.8)  4.4   2.8   0.5   \u2013 Included in other comprehensive Income Actuarial (losses)/gain relating to: Actual return less expected return on Scheme\u2019s assets  \u2013   \u2013   (32.0)  0.6   (32.0)  0.6 Experience gains arising on Scheme liabilities  29.5   14.9   \u2013   \u2013   29.5   14.9  29.5   14.9   (32.0)  0.6   (2.5)  15.5 Other Employer contributions  \u2013   \u2013   2.3   2.3   2.3   2.3 Benefits paid  5.2   5.6   (5.2)  (5.6)  \u2013   \u2013  5.2   5.6   (2.9)  (3.3)  2.3   2.3 Balance at end of the year  (98.8)  (129.6)  113.4   143.9   14.6   14.3 The weighted average duration of the Scheme\u2019s liabilities at the end of the period is 17 years (2022: 17 years). The total contributions to the Scheme in the next financial year are expected to be \u00a32.4 million for the Group and Company. Following the conclusion of the 2022 triennial valuation in April 2023, it was agreed that the Company would continue to pay contributions in line with the deficit recovery plan. Under this plan, deficit reduction contributions started at \u00a32.2 million per annum in July 2022. These are payable in equal monthly instalments and increase each January in line with CPI. As of January 2023, the deficit reduction contributions have increased to \u00a32.4 million. The recovery deficit plan will be reviewed at the next triennial valuation, which is due on 30 July 2025. No further payments are made as the Scheme is now closed to future accrual. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-426": {
   "value": "23.  Preference Share Capital Group and Company Authorised, issued and fully paid share capital Number authorised and in issue: First 6% cumulative preference share of  \u00a31 each Number 000s Second 8% cumulative preference share of  \u00a31 each Number 000s Total Number 000s At 1 April 2023 and 26 March 2022  400   1,200   1,600 Monetary amount:  \u00a3m   \u00a3m   \u00a3m At 1 April 2023 and 26 March 2022  0.4   1.2   1.6 The first 6% cumulative preference shares of \u00a31 each are entitled to first payment of a fixed cumulative dividend and on winding up to a return of paid capital plus arrears of dividends. The second 8% cumulative preference shares of \u00a31 each are entitled to second payment of a fixed cumulative dividend and on winding up a return of capital paid up (plus a premium calculated by reference to an average quoted price on the London Stock Exchange for the previous six months) plus arrears of dividends. Preference shareholders may only vote in limited circumstances: principally on winding up, alteration of class rights or on unpaid preference dividends. Preference shares cannot be redeemed by the holders, other than on winding up. a)  Share Capital Authorised, issued and fully paid Number in issue \u2018A\u2019 ordinary shares of 40p each Number 000s \u2018C\u2019 ordinary shares of 40p each Number 000s \u2018B\u2019 ordinary shares of 4p each Number 000s Total Number 000s At 26 March 2022 41,082  13,466  89,052  143,600 At 1 April 2023 41,082  13,466  89,052  143,600 Proportion of total equity shares at 01 April 2023 28.6% 9.4% 62.0% Monetary amount \u00a3m \u00a3m \u00a3m \u00a3m At 26 March 2022 16.4 5.4 3.6 25.4 At 1 April 2023 16.4 5.4 3.6 25.4 Share capital represents the nominal value proceeds received on the issue of the Company\u2019s equity share capital, comprising 40p and 4p ordinary shares. The Company\u2019s preference shares are classified as non-current liabilities in accordance with IFRS (see note 23). The ordinary shareholders are entitled to be paid a dividend out of any surplus profits and to participate in surplus assets on winding up in proportion to the nominal value of each class of share (\u2018B\u2019 shares have one-tenth of the nominal value of \u2018A\u2019 and \u2018C\u2019 shares). All equity shares in the Company carry one vote per share, save that shares held in treasury have their voting rights suspended. The \u2018A\u2019 and \u2018C\u2019 shares have a 40p nominal value and the \u2018B\u2019 shares have a 4p nominal value so that a \u2018B\u2019 share dividend will be paid at 10% of the rate applying to \u2018A\u2019 and \u2018C\u2019 shares. The \u2018A\u2019 shares are listed on the London Stock Exchange. The \u2018C\u2019 shares carry a right for the holder to convert them to \u2018A\u2019 shares by written notice in the 30 day period following the half year and preliminary announcements. The \u2018B\u2019 shares are not listed and have no conversion rights. In most circumstances the value of a \u2018B\u2019 share is deemed to be 10% of the value of the listed \u2018A\u2019 shares. The Trustee holding shares for participants of the LTIP currently waives dividends for shares held during the initial three year period. Dividends are not paid on shares held in treasury. The Articles include provisions relating to the Company\u2019s \u2018B\u2019 and \u2018C\u2019 shares which provide that shareholders who wish to transfer their shares may only do so if the transfer is to another \u2018B\u2019 or \u2018C\u2019 shareholder, or if the transfer is to certain of that shareholder\u2019s family members or their executors or administrators or, where shares are held by trustees, to new trustees, or to the trustees of any employee share scheme, or if the Company is unable to identify another shareholder of that class willing to purchase the shares within the specified period, to any person. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-400": {
   "value": "23<span class=\"_ _6\"></span>. <span class=\"_ _b\"> </span>Preference Share Capital<span class=\"_ _2db\"> </span>Group and Company<span class=\"_ _2db\"> </span>Au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly p<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>d sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _2db\"> </span>Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d in i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Fi<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 6<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span> cumulat<span class=\"_ _0\"></span>ive prefer<span class=\"_ _0\"></span>ence share of  \u00a3<span class=\"_ _0\"></span>1 ea<span class=\"_ _0\"></span>ch Number<span class=\"_ _2db\"> </span>000s<span class=\"_ _2db\"> </span>Second 8% cumulat<span class=\"_ _0\"></span>ive prefer<span class=\"_ _0\"></span>ence share of  \u00a3<span class=\"_ _0\"></span>1 ea<span class=\"_ _0\"></span>ch Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 000s<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 000s<span class=\"_ _2db\"> </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 and 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _292\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0 <span class=\"_ _113\"> </span><span class=\"ls3f ws87\"> 1,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0 <span class=\"_ _97\"> </span><span class=\"lse3 ws160\"> 1<span class=\"_ _6\"></span>,600<span class=\"_ _2\"></span> </span></span></span><span class=\"ls1 ws91\"><span class=\"ls3f ws87\"><span class=\"lse3 ws160\"></span></span></span>Monetar<span class=\"_ _0\"></span>y amount<span class=\"_ _0\"></span>:<span class=\"_ _15e\"> </span><span class=\"ls1 wsbd\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _26\"> </span> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _26\"> </span> \u00a3<span class=\"_ _0\"></span>m </span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3 and 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _226\"> </span><span class=\"ls1 ws91\"> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4 <span class=\"_ _e8\"> </span><span class=\"ls39 ws6e\"> 1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _9a\"> </span> 1.6 </span></span>T<span class=\"_ _0\"></span>he fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t 6% c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _0\"></span>1 e<span class=\"_ _0\"></span>ach ar<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>f a fi<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d cumula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end a<span class=\"_ _0\"></span>nd on w<span class=\"_ _0\"></span>indin<span class=\"_ _0\"></span>g up to a r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f paid c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al plus ar<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s of di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nd 8% c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f \u00a31 e<span class=\"_ _0\"></span>ach a<span class=\"_ _0\"></span>re en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of a f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>xed c<span class=\"_ _0\"></span>umula<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d on win<span class=\"_ _0\"></span>ding up a r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al paid up (<span class=\"_ _0\"></span>plus a pr<span class=\"_ _0\"></span>emium c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e to an a<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e quo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck E<span class=\"_ _1\"></span>xcha<span class=\"_ _0\"></span>nge f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>us six<span class=\"_ _0\"></span> mon<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hs) plus ar<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s of di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds.<span class=\"_ _2db\"> </span>Pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>y onl<span class=\"_ _0\"></span>y vot<span class=\"_ _0\"></span>e in limit<span class=\"_ _0\"></span>ed cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es: p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ally on w<span class=\"_ _0\"></span>inding up, al<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f clas<span class=\"_ _0\"></span>s righ<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s or o<span class=\"_ _0\"></span>n unp<span class=\"_ _0\"></span>aid pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es c<span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>ot b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n on w<span class=\"_ _0\"></span>inding u<span class=\"_ _0\"></span>p.<span class=\"_ _2db\"> </span>26. <span class=\"_ _b\"> </span>S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>nd Re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ves<span class=\"_ _2db\"> </span>a) <span class=\"_ _b\"> </span>Sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e Ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _2db\"> </span>Au<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, is<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly p<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>d<span class=\"ls1\"> </span>Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r in i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>\u2019 ordinar<span class=\"_ _1\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f<span class=\"_ _2db\"> </span>40<span class=\"_ _0\"></span>p each Number 000s \u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s of<span class=\"_ _2db\"> </span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p ea<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> Number 000s<span class=\"_ _6\"></span> \u2018B\u2019 or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f 4p each Number 000s<span class=\"_ _2db\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2db\"> </span>Number<span class=\"_ _2db\"> </span>000s<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _2a9\"> </span><span class=\"ff3b ls163 ws162\">41,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span><span class=\"ls157 ws14b\">13<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6 <span class=\"_ _20e\"> </span><span class=\"ls7a ws79\">8<span class=\"_ _0\"></span>9,<span class=\"_ _6\"></span>052 <span class=\"_ _ec\"> </span><span class=\"ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 </span></span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _28a\"> </span><span class=\"ff3b ls163 ws162\">41,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span> <span class=\"_ _20e\"> </span><span class=\"ls157 ws14b\">13<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> <span class=\"_ _20e\"> </span><span class=\"ls7a ws79\">89,052 <span class=\"_ _ec\"> </span><span class=\"ls85 ws9b\">14<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> </span></span></span></span>Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>por<span class=\"_ _1\"></span>tio<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>f to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>t 0<span class=\"_ _0\"></span>1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _2aa\"> </span><span class=\"ls37 ws35\">28.6<span class=\"_ _0\"></span>%<span class=\"_ _8f\"> </span><span class=\"lsc6 ws12\">9.<span class=\"_ _0\"></span>4%<span class=\"_ _43\"> </span><span class=\"ls148 ws136\">62.0%<span class=\"_ _2db\"> </span></span></span></span>Monetar<span class=\"_ _0\"></span>y amount<span class=\"_ _1a7\"> </span><span class=\"ff3b ls22 ws15\">\u00a3m<span class=\"_ _b7\"> </span>\u00a3m<span class=\"_ _b7\"> </span>\u00a3m<span class=\"_ _b7\"> </span>\u00a3m<span class=\"_ _2db\"> </span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _292\"> </span><span class=\"ff3b ls158 ws14f\">16<span class=\"_ _1\"></span>.4<span class=\"_ _5f\"> </span><span class=\"ls33 ws30\">5.4<span class=\"_ _1ac\"> </span><span class=\"ls5c ws4a\">3.6<span class=\"_ _e8\"> </span></span>25.4<span class=\"_ _2db\"> </span></span></span>At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _227\"> </span><span class=\"ls80 wse4\">1<span class=\"_ _6\"></span>6.4<span class=\"_ _a6\"> </span>5.4<span class=\"_ _b1\"> </span><span class=\"ls37 ws35\">3.6<span class=\"_ _2e\"> </span></span>2<span class=\"_ _0\"></span>5.4<span class=\"_ _2db\"> </span></span>Shar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s equit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al, co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ising 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p an<span class=\"_ _0\"></span>d 4<span class=\"_ _0\"></span>p or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s pre<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>s non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liabilities in a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS (se<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>3).<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>dinar<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs ar<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>aid a div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t of an<span class=\"_ _0\"></span>y sur<span class=\"_ _0\"></span>plus p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>o pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>te in s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>plus as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s on win<span class=\"_ _0\"></span>ding up in p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e nomin<span class=\"_ _0\"></span>al value o<span class=\"_ _0\"></span>f ea<span class=\"_ _0\"></span>ch clas<span class=\"_ _0\"></span>s of s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e (\u2018B<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>h of t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ominal v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>\u2019 and \u2018C<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s).<span class=\"_ _2db\"> </span>All eq<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>y share<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>ne vo<span class=\"_ _0\"></span>te p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e, sa<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s held in t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>eir vo<span class=\"_ _0\"></span>ting r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he \u2018<span class=\"_ _6\"></span>A<span class=\"_ _6\"></span>\u2019 and \u2018C<span class=\"_ _0\"></span>\u2019 shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e a 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p nomin<span class=\"_ _0\"></span>al value a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he \u2018B<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>ve a 4<span class=\"_ _0\"></span>p no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue so t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t a \u2018B<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d will be p<span class=\"_ _0\"></span>aid at 10% of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 an<span class=\"_ _0\"></span>d \u2018C<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he \u2018A<span class=\"_ _2\"></span>\u2019 shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>don S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ock E<span class=\"_ _1\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he \u2018C<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y a r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t for t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>r to c<span class=\"_ _0\"></span>onv<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>t the<span class=\"_ _0\"></span>m to \u2018<span class=\"_ _6\"></span>A<span class=\"_ _2\"></span>\u2019 s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en no<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he 3<span class=\"_ _0\"></span>0 da<span class=\"_ _0\"></span>y pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d follow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he h<span class=\"_ _0\"></span>alf ye<span class=\"_ _0\"></span>ar an<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>eliminar<span class=\"_ _1\"></span>y annou<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e \u2018B<span class=\"_ _0\"></span>\u2019 sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e not lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e no c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sion r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. In mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e value o<span class=\"_ _0\"></span>f a \u2018B<span class=\"_ _0\"></span>\u2019 shar<span class=\"_ _0\"></span>e is de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>o be 10% of t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>he lis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d \u2018<span class=\"_ _2\"></span>A\u2019 shar<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee hol<span class=\"_ _0\"></span>ding sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he LTI<span class=\"_ _0\"></span>P cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly w<span class=\"_ _0\"></span>aiv<span class=\"_ _0\"></span>es di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s for s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> held dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee ye<span class=\"_ _0\"></span>ar p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod. Di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds ar<span class=\"_ _0\"></span>e not p<span class=\"_ _0\"></span>aid o<span class=\"_ _0\"></span>n shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s held in t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he A<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icle<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>isions r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>o t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s \u2018B\u2019 a<span class=\"_ _0\"></span>nd \u2018C<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hich p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ho w<span class=\"_ _0\"></span>ish t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>eir sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>y only d<span class=\"_ _0\"></span>o so i<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _0\"></span>er is to a<span class=\"_ _0\"></span>not<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r \u2018B<span class=\"_ _0\"></span>\u2019 or \u2018C<span class=\"_ _0\"></span>\u2019 sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _6\"></span>, or if t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer is t<span class=\"_ _0\"></span>o ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain of t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>s famil<span class=\"_ _0\"></span>y mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s or t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eir exe<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>r adminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>, whe<span class=\"_ _0\"></span>re shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s are h<span class=\"_ _0\"></span>eld by t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>w tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s, or t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s of an<span class=\"_ _0\"></span>y emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>are s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme, o<span class=\"_ _0\"></span>r if t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny is un<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>o iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>older o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>at clas<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill<span class=\"_ _6\"></span>ing to p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ase t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, t<span class=\"_ _0\"></span>o any p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n.<span class=\"_ _2db\"> </span>b) <span class=\"_ _b\"> </span>Ow<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _2db\"> </span>O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>o sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s held b<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d emp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee sh<span class=\"_ _0\"></span>are o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hip tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s (\u201cES<span class=\"_ _0\"></span>OT<span class=\"_ _6\"></span>s\u201d) to<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s holding of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. Sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e ES<span class=\"_ _0\"></span>OTs in order t<span class=\"_ _0\"></span>o s<span class=\"_ _0\"></span>atis<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>y pot<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tial aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng T<span class=\"_ _6\"></span>erm I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve P<span class=\"_ _0\"></span>lan (\u201cLTIP<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) and S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e In<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme (\u201cS<span class=\"_ _0\"></span>IP<span class=\"_ _0\"></span>\u201d)<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, int<span class=\"_ _0\"></span>er alia, to s<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>isf<span class=\"_ _1\"></span>y opt<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s shar<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he LTIP E<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>T ha<span class=\"_ _0\"></span>s wai<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span>s rig<span class=\"_ _0\"></span>ht<span class=\"_ _0\"></span>s to di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds on t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s it hol<span class=\"_ _0\"></span>ds. T<span class=\"_ _6\"></span>re<span class=\"_ _0\"></span>asur<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>e vo<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>usp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>. All ow<span class=\"_ _0\"></span>n s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>eld, as b<span class=\"_ _0\"></span>elow, are ex<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs an<span class=\"_ _0\"></span>d net a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>er shar<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>alcula<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. T<span class=\"_ _6\"></span>reasur<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s<span class=\"_ _76\"> </span><span class=\"ls22 ws1f\">LTIP ESOT<span class=\"_ _170\"> </span>SIP ESOT<span class=\"_ _259\"> </span><span class=\"ls141 ws132\">To<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1c\"> </span>Tot<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </span></span>Number<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018<span class=\"_ _6\"></span>A\u2019 ordi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018B<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>\u2018C<span class=\"_ _0\"></span>\u2019 or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s 000s<span class=\"_ _2db\"> </span>O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es<span class=\"_ _2db\"> </span>000s<span class=\"_ _2db\"> </span>At 2<span class=\"_ _1\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2a8\"> </span><span class=\"ff3b ls163 ws162\">1,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>74<span class=\"_ _114\"> </span><span class=\"ls7c wsb0\">4,5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _34\"> </span><span class=\"ls7f wsc5\">326<span class=\"_ _33\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _2e\"> </span>5<span class=\"_ _114\"> </span></span></span></span>1,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _10e\"> </span><span class=\"ls7c wsb0\">4,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _2e\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _10e\"> </span></span></span></span><span class=\"ls97 wscf\">6<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _256\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _da\"> </span><span class=\"lse2 wsdd\">(230<span class=\"_ _6\"></span>)<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _16a\"> </span>\u2013<span class=\"_ _16a\"> </span>\u2013<span class=\"_ _3c\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11)<span class=\"_ _f7\"> </span></span></span>(230<span class=\"_ _6\"></span>)<span class=\"_ _91\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _aa\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>1)<span class=\"_ _2db\"> </span></span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1ab\"> </span><span class=\"ff3b ls7f wsc5\">1<span class=\"_ _2\"></span>,263<span class=\"_ _10e\"> </span>4,328<span class=\"_ _d0\"> </span>326<span class=\"_ _33\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _2e\"> </span>5<span class=\"_ _114\"> </span></span>1<span class=\"_ _2\"></span>,268<span class=\"_ _a1\"> </span><span class=\"ls7c wsb0\">4,6<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _2e\"> </span><span class=\"ls1 ws1\">6<span class=\"_ _d6\"> </span><span class=\"ff4 ls37 ws35\">5,9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _2db\"> </span></span></span></span></span>Share P<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d<span class=\"_ _20f\"> </span><span class=\"lsb5 ws141\"> 1<span class=\"_ _2\"></span>,000<span class=\"_ _6\"></span> <span class=\"_ _104\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _a0\"> </span></span> 1<span class=\"_ _c\"></span>,000 <span class=\"_ _40\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _100\"> </span><span class=\"ff4 lse3 ws160\"> 1<span class=\"_ _6\"></span>,000<span class=\"_ _2\"></span> </span></span></span><span class=\"lsb5 ws141\"><span class=\"ls1 ws91\"><span class=\"ff4 lse3 ws160\"></span></span></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _256\"> </span><span class=\"ls159 ws147\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _e1\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _108\"> </span></span>(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _43\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _113\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1)<span class=\"_ _0\"></span> </span></span></span><span class=\"ls159 ws147\"><span class=\"ls1 ws91\"><span class=\"ff4 ls85 ws9b\"></span></span></span> At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _126\"> </span><span class=\"ls1 ws91\"> 2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>2 <span class=\"_ _56\"> </span> 4,<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8 <span class=\"_ _89\"> </span> 3<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 <span class=\"_ _c9\"> </span> 6 <span class=\"_ _c9\"> </span> 5 <span class=\"_ _56\"> </span> 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7 <span class=\"_ _56\"> </span> 4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>4 <span class=\"_ _c9\"> </span> 6 <span class=\"_ _dc\"> </span><span class=\"ls3f ws3d\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span>17<span class=\"_ _2db\"> </span></span></span>Monetar<span class=\"_ _0\"></span>y amount<span class=\"_ _2ab\"> </span><span class=\"ff3b ls22 ws15\">\u00a3m<span class=\"_ _3c\"> </span>\u00a3m<span class=\"_ _c9\"> </span>\u00a3m<span class=\"_ _c9\"> </span>\u00a3m<span class=\"_ _c9\"> </span>\u00a3m<span class=\"_ _c1\"> </span><span class=\"ls1 wsbd\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _43\"> </span> \u00a3m <span class=\"_ _190\"> </span> \u00a3m <span class=\"_ _190\"> </span></span><span class=\"ws1f\"> \u00a3m<span class=\"_ _2db\"> </span></span></span>At 2<span class=\"_ _1\"></span>7 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2ac\"> </span><span class=\"ff3b ls159 ws147\">11.<span class=\"_ _1\"></span>9<span class=\"_ _c1\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _108\"> </span><span class=\"ls12 ws91\">0.3<span class=\"_ _12f\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _40\"> </span>0<span class=\"_ _0\"></span>.1<span class=\"_ _20e\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _85\"> </span></span></span>4.9<span class=\"_ _12f\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _20e\"> </span></span></span></span></span><span class=\"lsc7 wsc0\">1<span class=\"_ _0\"></span>7.<span class=\"_ _1\"></span>0<span class=\"_ _2db\"> </span></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _2ad\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls4e ws6e\">(0.3)<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _33\"> </span>\u2013<span class=\"_ _16a\"> </span>\u2013<span class=\"_ _7a\"> </span></span></span>(<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1)<span class=\"_ _d2\"> </span><span class=\"ls4e ws6e\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3)<span class=\"_ _96\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _211\"> </span><span class=\"ff4 ls8a ws7d\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _2db\"> </span></span></span></span></span>At 2<span class=\"_ _1\"></span>6 Mar<span class=\"_ _0\"></span>ch 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _126\"> </span><span class=\"ff3b ls159 ws147\">11.<span class=\"_ _1\"></span>8<span class=\"_ _85\"> </span><span class=\"lsa0 ws7a\">4.3<span class=\"_ _108\"> </span><span class=\"ls12 ws91\">0.<span class=\"_ _0\"></span>3<span class=\"_ _c1\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _40\"> </span>0<span class=\"_ _1\"></span>.1<span class=\"_ _d0\"> </span></span></span></span>11.<span class=\"_ _1\"></span>9<span class=\"_ _c1\"> </span><span class=\"ls7b ws7b\">4.6<span class=\"_ _12f\"> </span><span class=\"ls15a ws14c\">0<span class=\"_ _1\"></span>.1<span class=\"_ _18f\"> </span></span></span></span><span class=\"ls3d ws3b\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _2db\"> </span></span>Share P<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d<span class=\"_ _2f\"> </span> 4.8 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _18f\"> </span> 4.8 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _d1\"> </span><span class=\"ff4\"> 4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8 </span><span class=\"ff4\"></span>Shar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed<span class=\"_ _2ad\"> </span><span class=\"ls15a ws14c\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _e1\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _104\"> </span> \u2013 <span class=\"_ _34\"> </span></span>(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _e1\"> </span><span class=\"ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _18f\"> </span><span class=\"ff4 ls85 ws9b\">(<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>.1) </span></span></span> At 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _147\"> </span><span class=\"ls3d ws4a\"> 16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5 <span class=\"_ _d1\"> </span><span class=\"ls1 ws91\"> 4<span class=\"_ _1\"></span>.3 <span class=\"_ _aa\"> </span> 0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3 <span class=\"_ _d2\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _1\"></span>.1 <span class=\"_ _d2\"> </span> 0<span class=\"_ _1\"></span>.1 <span class=\"_ _114\"> </span></span></span> 16<span class=\"_ _0\"></span>.6 <span class=\"_ _18f\"> </span><span class=\"ls1 ws91\"> 4.<span class=\"_ _0\"></span>6 <span class=\"_ _d2\"> </span><span class=\"ls85 ws3f\"> 0<span class=\"_ _1\"></span>.1 <span class=\"_ _114\"> </span><span class=\"ls39 ws6e\"> 2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> </span></span></span></span>Mar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t v<span class=\"_ _0\"></span>alue a<span class=\"_ _0\"></span>t <span class=\"ls1\"> </span>1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _154\"> </span><span class=\"ls3d ws3b\">10.<span class=\"_ _0\"></span>5<span class=\"_ _7a\"> </span><span class=\"lsc5 wsbf\">2.0<span class=\"_ _190\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _44\"> </span><span class=\"ff3b ls1 ws91\"> \u2013 <span class=\"_ _3c\"> </span> \u2013 <span class=\"_ _8a\"> </span></span></span>10.<span class=\"_ _0\"></span>5<span class=\"_ _7a\"> </span><span class=\"ls148 ws136\">2.2<span class=\"_ _44\"> </span><span class=\"ff3b ls1 ws91\"> \u2013 <span class=\"_ _8a\"> </span></span><span class=\"ls3b ws39\">12<span class=\"_ _0\"></span>.7<span class=\"_ _2db\"> </span></span></span></span>c)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Ot<span class=\"_ _0\"></span>her Capit<span class=\"_ _0\"></span>al Reser<span class=\"_ _0\"></span>ves<span class=\"_ _2db\"> </span>Share premium ac<span class=\"_ _6\"></span>count<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>mium ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue on t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s equit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span>Capi<span class=\"_ _0\"></span>tal redempt<span class=\"_ _0\"></span>ion reser<span class=\"_ _1\"></span>ve<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e aris<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ck of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s own e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span>Hedging reser<span class=\"_ _0\"></span>ve<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g re<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ships in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Merger reser<span class=\"_ _1\"></span>ve<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he hi<span class=\"_ _0\"></span>ve up o<span class=\"_ _0\"></span>f B<span class=\"_ _0\"></span>el &amp; T<span class=\"_ _0\"></span>he Dr<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>on.<span class=\"_ _2db\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-401": {
   "value": "24. Provisions Legal claim Group and Company 2023 \u00a3m 2022 \u00a3m Balance at the beginning of the year  0.5  4.0 Utilised   \u2013  (1.4) Released  \u2013  (2.1) Balance at the end of the year  0.5  0.5 Analysed as: 2023 \u00a3m 2022 \u00a3m Due within one year  0.5  0.5 Due in more than one year \u2013 \u2013 0.5  0.5 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-402": {
   "value": "25.  Financial Instruments Details of the Group\u2019s treasury function are included in the Financial Review\u2019s discussion of financial risks and treasury policies on page 33. The accounting treatment of the Group\u2019s financial instruments is detailed in note 1. a)  Capital Management \u2013 Group and Company As described in note 1, the Group considers its capital to comprise the following: Group 2023 \u00a3m 2022 \u00a3m Ordinary share capital 25.4 25.4 Share premium 53.2 53.2 Capital redemption reserve 3.7 3.7 Hedging reserve  \u2013  (0.1) Retained earnings 381.6 383.6 Preference shares 1.6 1.6 465.5 467.4 Company 2023 \u00a3m 2022 \u00a3m Ordinary share capital 25.4 25.4 Share premium 53.2 53.2 Capital redemption reserve 3.7 3.7 Hedging reserve  \u2013  (0.1) Merger reserve (1.6) (1.6) Retained earnings 325.6 335.1 Preference shares 1.6 1.6 407.9 417.3 In managing its capital, the primary objective is to ensure that the Group is able to continue to operate as a going concern and to maximise return to shareholders through a combination of capital growth, distributions and the payment of preference dividends to its preference shareholders. The Group seeks to maintain a ratio of debt and equity that balances risks and returns at an acceptable level and maintains sufficient funds to meet working capital targets, investment requirements and comply with lending covenants. As a minimum, the Board reviews the Group\u2019s dividend policy twice yearly and reviews the treasury position at every Board meeting. b)  Categories of Financial Assets and Liabilities The Group\u2019s financial assets and liabilities as recognised at the Balance Sheet date may also be categorised as follows: Group 2023 \u00a3m 2022 \u00a3m Non-current assets Derivative financial instruments used for hedging  0.1  \u2013 Total current assets  0.1  \u2013 Current assets Trade and other receivables in scope of IFRS 9 1.6 1.6 Total current assets 1.6 1.6 Total financial assets 1.7 1.6 Current liabilities Financial liabilities at amortised cost: Trade and other payables in scope of IFRS 9  22.9  27.9 Lease liabilities 4.8  6.8 Loans  6.0  120.0 Total carried at amortised cost 33.7  154.7 Derivative financial instruments used for hedging  \u2013  0.1 Total current liabilities 33.7 154.8 Non-current liabilities Derivative financial instruments used for hedging  \u2013  \u2013 Financial liabilities at amortised cost: Lease liabilities  67.0  73.9 Loans and debenture stock  139.3  25.9 Preference shares  1.6  1.6 Total carried at amortised cost  207.9  101.4 Total non-current liabilities  207.9  101.4 Total financial liabilities  241.6  256.2 Company 2023 \u00a3m 2022 \u00a3m Non-current assets Derivative financial instruments used for hedging  0.1  \u2013 Total non-current assets  0.1  \u2013 Current assets Trade and other receivables in scope of IFRS 9 1.6 1.6 Total current assets 1.6 1.6 Total financial assets 1.7 1.6 Current liabilities Financial liabilities at amortised cost: Trade and other payables in scope of IFRS 9  166.0  164.6 Lease liabilities  4.7  6.5 Loans  6.0  120.0 Total carried at amortised cost  176.7  291.1 Derivative financial instruments used for hedging  \u2013  0.1 Total current liabilities  176.7  291.2 Non-current liabilities Derivative financial instruments used for hedging  \u2013  \u2013 Financial liabilities at amortised cost: Lease liabilities  66.6  72.8 Loans and debenture stock  139.3  25.9 Preference shares  1.6  1.6 Total carried at amortised cost  207.5  100.3 Total non-current liabilities  207.5  100.3 Total financial liabilities  384.2 391.4 There is no set-off of financial assets and liabilities as shown above. c)  Financial Risks \u2013 Group and Company The main risks associated with the Group\u2019s financial assets and liabilities are set out below, as are the Group\u2019s policies for their management. Derivative instruments are used to change the economic characteristics of financial instruments in accordance with Group policy. i.  Interest rate risk The Group manages its cost of borrowings using a mixture of fixed rates, variable rates and interest rate swaps. Fixed rates do not expose the Group to cash flow interest rate risk, but do not enjoy a reduction in borrowing costs in markets where rates are falling. Floating rate borrowings, although not exposed to changes in fair value, expose the Group to cash flow risk following rises in interest rates and cost. The debentures totalling \u00a325.9 million (2022: \u00a325.9 million), net of interest paid in advance, are at fixed rates. The bank loans totalling \u00a3200 million (2022: \u00a3120 million), net of arrangement fees, are at floating rates. At the year end, after taking account of the interest rate collar, 50% interest rate swaps 2022: 17%) of the Group\u2019s bank loans and 60% (2022: 32%) of gross borrowings were at fixed rates or hedged. Interest rate collar The Group has entered into interest rate collar agreement, where the Group sold a floor and bought a cap, in order to hedge the risk in interest cash flows on its borrowings going higher than the cap. At the Balance Sheet date, \u00a360 million of the Group\u2019s and Company\u2019s borrowings were hedged by interest rate collar at floor and cap rate of 3.10% and 5.00% respectively. At 26 March 2022, \u00a320 million of the Group\u2019s and Company\u2019s borrowings were hedged by interest rate swaps at a blended fixed rate of 2.34%. The swap active at 26 March 2022 expired in August 2022. The interest rate collar is expected to impact the Income Statement in line with the liquidity risk table shown in section (iii) below. The interest rate collar cash flow hedge in effect at 1 April 2023 was assessed as being highly effective. Net unrealised gain of \u00a30.1 million (2022: \u00a30.5 million) has been recorded in other comprehensive income. Sensitivity \u2013 Group and Company The Group borrows in Sterling at market rates. Three month Sterling SONIA rate during the 53 weeks ended 1 April 2023 ranged between 0.69% and 4.17%. The Directors consider 1.00% to be a reasonable possible increase in rates and 0.50% to be a reasonable possible decrease in rates, with reference to market yield curves and the current economic conditions. The annualised effect of these changes to interest rates on the floating rate debt at the Balance Sheet date, all other variables being constant, are as follows: Group Company 1 Impact on post-tax profit and net equity \u2013 increase/(decrease) 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Decrease interest rate by 0.5% 0.8 0.5 1.3 1.0 Increase interest rate by 1.0% (1.5) (1.0) (3.6) (2.1) 1  The Company has substantial interest bearing payables due to subsidiary companies (note 20). ii.  Credit risk The risk of financial loss due to a counter party\u2019s failure to honour its obligations arises principally in relation to transactions where the Group provides goods and services on deferred payment terms, deposits surplus cash and enters into derivative contracts. Group policies are aimed at minimising losses and deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. Individual customers are subject to credit limits to control debt exposure and goods may also be sold on a cash with order basis. Cash deposits with financial institutions for short periods and derivative transactions are only permitted with financial institutions approved by the Board. There are no significant concentrations of credit risk within the Group. The maximum credit risk exposure relating to financial assets is represented by their carrying value as at the Balance Sheet date. Trade and other receivables The Group records impairment losses on its trade receivables separately from gross receivables. Further detail is included in note 18. iii.  Liquidity risk The Group minimises liquidity risk by managing cash generation, applying trade receivables collection targets, monitoring daily cash receipts and payments and setting rolling cash forecasts. Investments have cash payback periods applied as part of a tightly controlled investment appraisal process. The Group\u2019s rating with credit agencies is excellent. The Group has a mixture of long and short-term borrowings and overdraft facilities: 1% (2022: 15%) of the Group\u2019s borrowings are repayable after more than five years, 95% (2022: 4%) within the first to fifth years and 4% (2022: 81%) within one year. The tables on the following page summarise the maturity profile of the Group\u2019s financial liabilities at 1 April 2023 based on undiscounted contractual cash flows, including interest payable. Floating rate interest is estimated using the prevailing interest rate at the Balance Sheet date. Group at 1 April 2023 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than  10 years \u00a3m Total \u00a3m Interest bearing loans and borrowings1 \u2013 2.7 14.1 144.1 \u2013 20.1 181.0 Preference shares 2 \u2013 \u2013 0.1 0.5 \u2013 3.4 4.0 Trade and other payables 19.0 3.4 0.5 \u2013 \u2013 \u2013 22.9 Lease liabilities \u2013 2.0 6.1 29.3 29.5 32.3 99.2 1  Bank loans are included after taking account of the following cash flows in relation to the interest rate collar held in respect of these borrowings: Group at 26 March 2022 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than  10 years \u00a3m Total \u00a3m Interest bearing loans and borrowings1 \u2013 1.9 125.4 12.0 \u2013 21.5 160.9 Preference shares 2 \u2013 \u2013 0.1 0.5 \u2013 3.4 4.0 Trade and other payables 24.4 3.0 0.5 \u2013 \u2013 \u2013 27.9 Lease liabilities \u2013 2.3 6.8 27.3 26.0 39.4 101.8 1   Bank loans are included after taking account of the following cash flows in relation to the interest rate swap and cap held in respect of these borrowings: Interest rate swaps \u2013 0.1 0.1 \u2013 \u2013 0.2 2  The preference shares have no contractual repayment date. For the purposes of the table above, interest payments have been shown for 20 years from the Balance Sheet date but no further. The Company figures are as for the Group, except as follows: Company at 1 April 2023 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than 10 years \u00a3m Total \u00a3m Amounts due to subsidiary undertakings 3 143.1 \u2013 \u2013 \u2013 \u2013 \u2013 143.1 Trade and other payables 19.0 3.4 0.5 \u2013 \u2013 \u2013 22.9 Lease liabilities \u2013 1.9 6.0 28.9 29.5 32.3 98.6 Company at 26 March 2022 Amounts due to subsidiary undertakings 3 136.6 \u2013 \u2013 \u2013 \u2013 \u2013 136.6 Trade and other payables 24.4 3.0 0.5 \u2013 \u2013 \u2013 27.9 Lease liabilities \u2013 2.2 6.6 26.2 25.9 39.2 100.1 3  Amounts due to subsidiary undertakings have no fixed repayment date. Interest is payable on the balance at 3% above the Bank of England base rate. Security \u2013 Group and Company The 10.7% debentures 2023 are secured on property, plant and equipment with a net book value of \u00a310.7 million (2022: \u00a310.5 million). The 6.875% debentures 2028 are secured by a floating charge over the assets of the Company. Covenants \u2013 Group and Company The Group and Company are subject to a number of covenants in relation to their borrowing facilities which, if contravened, would result in its loans becoming immediately repayable. The Group has secured a new facility of \u00a3200 million, split between a RCF of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. Under the new agreement, there is a covenant suite which consist of net debt to adjusted EBITDA (leverage) and adjusted EBITDA to net finance charges. See further details in note 21. d)  Fair Value Book value Fair value Fair value LevelGroup 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Financial assets Interest rate collar 0.1 \u2013 0.1 \u2013 3 Financial liabilities Lease liabilities (71.8) (80.7) (71.8) (80.7) 3 Fixed rate borrowings (25.9) (25.9) (29.2) (32.0) 3 Floating rate borrowings (119.3)  (120.0) (119.3) (120.0) 3 Preference shares (1.6) (1.6) (1.6) (1.6) 3 Interest rate swaps \u2013 (0.1) \u2013 (0.1) 2 The Company figures are as for the Group above except for: Book value Fair value Fair value LevelCompany 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Financial liabilities Lease liabilities (71.3) (79.3) (71.3) (88.3) 3 Level 1 fair values are valuation techniques where inputs are quoted prices in active markets for identical assets or liabilities that the entity can access at measure data. Level 2 fair values are valuation techniques where all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly, but are not derived directly from quoted prices in active markets. The Group bases its valuations on information provided by financial institutions, who use a variety of estimation techniques based on market conditions, such as interest rate expectations, existing at each Balance Sheet date. Level 3 fair values are valuation techniques for which all inputs that have a significant effect on the recorded fair value are not observable. Derivative fair values are obtained from quoted market prices in active markets. The fair values of borrowings have been calculated by discounting the expected future cash flows at prevailing interest rates. Interest rates for borrowings range from 1.5% to 10.7%. The fair values of preference shares have been calculated using the market interest rates. Management assessed that the fair values of cash and short-term deposits, trade receivables and other receivables, and trade and other payables approximate their carrying amounts largely due to the short-term maturities of these instruments. There were no transfers between levels in the fair value hierarchy as at 1 April 2023 and 26 March 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-427": {
   "value": "a)  Capital Management \u2013 Group and Company As described in note 1, the Group considers its capital to comprise the following: Group 2023 \u00a3m 2022 \u00a3m Ordinary share capital 25.4 25.4 Share premium 53.2 53.2 Capital redemption reserve 3.7 3.7 Hedging reserve  \u2013  (0.1) Retained earnings 381.6 383.6 Preference shares 1.6 1.6 465.5 467.4 Company 2023 \u00a3m 2022 \u00a3m Ordinary share capital 25.4 25.4 Share premium 53.2 53.2 Capital redemption reserve 3.7 3.7 Hedging reserve  \u2013  (0.1) Merger reserve (1.6) (1.6) Retained earnings 325.6 335.1 Preference shares 1.6 1.6 407.9 417.3 In managing its capital, the primary objective is to ensure that the Group is able to continue to operate as a going concern and to maximise return to shareholders through a combination of capital growth, distributions and the payment of preference dividends to its preference shareholders. The Group seeks to maintain a ratio of debt and equity that balances risks and returns at an acceptable level and maintains sufficient funds to meet working capital targets, investment requirements and comply with lending covenants. As a minimum, the Board reviews the Group\u2019s dividend policy twice yearly and reviews the treasury position at every Board meeting. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-428": {
   "value": "c)  Financial Risks \u2013 Group and Company The main risks associated with the Group\u2019s financial assets and liabilities are set out below, as are the Group\u2019s policies for their management. Derivative instruments are used to change the economic characteristics of financial instruments in accordance with Group policy. i.  Interest rate risk The Group manages its cost of borrowings using a mixture of fixed rates, variable rates and interest rate swaps. Fixed rates do not expose the Group to cash flow interest rate risk, but do not enjoy a reduction in borrowing costs in markets where rates are falling. Floating rate borrowings, although not exposed to changes in fair value, expose the Group to cash flow risk following rises in interest rates and cost. The debentures totalling \u00a325.9 million (2022: \u00a325.9 million), net of interest paid in advance, are at fixed rates. The bank loans totalling \u00a3200 million (2022: \u00a3120 million), net of arrangement fees, are at floating rates. At the year end, after taking account of the interest rate collar, 50% interest rate swaps 2022: 17%) of the Group\u2019s bank loans and 60% (2022: 32%) of gross borrowings were at fixed rates or hedged. Interest rate collar The Group has entered into interest rate collar agreement, where the Group sold a floor and bought a cap, in order to hedge the risk in interest cash flows on its borrowings going higher than the cap. At the Balance Sheet date, \u00a360 million of the Group\u2019s and Company\u2019s borrowings were hedged by interest rate collar at floor and cap rate of 3.10% and 5.00% respectively. At 26 March 2022, \u00a320 million of the Group\u2019s and Company\u2019s borrowings were hedged by interest rate swaps at a blended fixed rate of 2.34%. The swap active at 26 March 2022 expired in August 2022. The interest rate collar is expected to impact the Income Statement in line with the liquidity risk table shown in section (iii) below. The interest rate collar cash flow hedge in effect at 1 April 2023 was assessed as being highly effective. Net unrealised gain of \u00a30.1 million (2022: \u00a30.5 million) has been recorded in other comprehensive income. Sensitivity \u2013 Group and Company The Group borrows in Sterling at market rates. Three month Sterling SONIA rate during the 53 weeks ended 1 April 2023 ranged between 0.69% and 4.17%. The Directors consider 1.00% to be a reasonable possible increase in rates and 0.50% to be a reasonable possible decrease in rates, with reference to market yield curves and the current economic conditions. The annualised effect of these changes to interest rates on the floating rate debt at the Balance Sheet date, all other variables being constant, are as follows: Group Company 1 Impact on post-tax profit and net equity \u2013 increase/(decrease) 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Decrease interest rate by 0.5% 0.8 0.5 1.3 1.0 Increase interest rate by 1.0% (1.5) (1.0) (3.6) (2.1) 1  The Company has substantial interest bearing payables due to subsidiary companies (note 20). ii.  Credit risk The risk of financial loss due to a counter party\u2019s failure to honour its obligations arises principally in relation to transactions where the Group provides goods and services on deferred payment terms, deposits surplus cash and enters into derivative contracts. Group policies are aimed at minimising losses and deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. Individual customers are subject to credit limits to control debt exposure and goods may also be sold on a cash with order basis. Cash deposits with financial institutions for short periods and derivative transactions are only permitted with financial institutions approved by the Board. There are no significant concentrations of credit risk within the Group. The maximum credit risk exposure relating to financial assets is represented by their carrying value as at the Balance Sheet date. Trade and other receivables The Group records impairment losses on its trade receivables separately from gross receivables. Further detail is included in note 18. iii.  Liquidity risk The Group minimises liquidity risk by managing cash generation, applying trade receivables collection targets, monitoring daily cash receipts and payments and setting rolling cash forecasts. Investments have cash payback periods applied as part of a tightly controlled investment appraisal process. The Group\u2019s rating with credit agencies is excellent. The Group has a mixture of long and short-term borrowings and overdraft facilities: 1% (2022: 15%) of the Group\u2019s borrowings are repayable after more than five years, 95% (2022: 4%) within the first to fifth years and 4% (2022: 81%) within one year. The tables on the following page summarise the maturity profile of the Group\u2019s financial liabilities at 1 April 2023 based on undiscounted contractual cash flows, including interest payable. Floating rate interest is estimated using the prevailing interest rate at the Balance Sheet date. Group at 1 April 2023 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than  10 years \u00a3m Total \u00a3m Interest bearing loans and borrowings1 \u2013 2.7 14.1 144.1 \u2013 20.1 181.0 Preference shares 2 \u2013 \u2013 0.1 0.5 \u2013 3.4 4.0 Trade and other payables 19.0 3.4 0.5 \u2013 \u2013 \u2013 22.9 Lease liabilities \u2013 2.0 6.1 29.3 29.5 32.3 99.2 1  Bank loans are included after taking account of the following cash flows in relation to the interest rate collar held in respect of these borrowings: Group at 26 March 2022 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than  10 years \u00a3m Total \u00a3m Interest bearing loans and borrowings1 \u2013 1.9 125.4 12.0 \u2013 21.5 160.9 Preference shares 2 \u2013 \u2013 0.1 0.5 \u2013 3.4 4.0 Trade and other payables 24.4 3.0 0.5 \u2013 \u2013 \u2013 27.9 Lease liabilities \u2013 2.3 6.8 27.3 26.0 39.4 101.8 1   Bank loans are included after taking account of the following cash flows in relation to the interest rate swap and cap held in respect of these borrowings: Interest rate swaps \u2013 0.1 0.1 \u2013 \u2013 0.2 2  The preference shares have no contractual repayment date. For the purposes of the table above, interest payments have been shown for 20 years from the Balance Sheet date but no further. The Company figures are as for the Group, except as follows: Company at 1 April 2023 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than 10 years \u00a3m Total \u00a3m Amounts due to subsidiary undertakings 3 143.1 \u2013 \u2013 \u2013 \u2013 \u2013 143.1 Trade and other payables 19.0 3.4 0.5 \u2013 \u2013 \u2013 22.9 Lease liabilities \u2013 1.9 6.0 28.9 29.5 32.3 98.6 Company at 26 March 2022 Amounts due to subsidiary undertakings 3 136.6 \u2013 \u2013 \u2013 \u2013 \u2013 136.6 Trade and other payables 24.4 3.0 0.5 \u2013 \u2013 \u2013 27.9 Lease liabilities \u2013 2.2 6.6 26.2 25.9 39.2 100.1 3  Amounts due to subsidiary undertakings have no fixed repayment date. Interest is payable on the balance at 3% above the Bank of England base rate. Security \u2013 Group and Company The 10.7% debentures 2023 are secured on property, plant and equipment with a net book value of \u00a310.7 million (2022: \u00a310.5 million). The 6.875% debentures 2028 are secured by a floating charge over the assets of the Company. Covenants \u2013 Group and Company The Group and Company are subject to a number of covenants in relation to their borrowing facilities which, if contravened, would result in its loans becoming immediately repayable. The Group has secured a new facility of \u00a3200 million, split between a RCF of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. Under the new agreement, there is a covenant suite which consist of net debt to adjusted EBITDA (leverage) and adjusted EBITDA to net finance charges. See further details in note 21. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-441": {
   "value": "i.  Interest rate risk The Group manages its cost of borrowings using a mixture of fixed rates, variable rates and interest rate swaps. Fixed rates do not expose the Group to cash flow interest rate risk, but do not enjoy a reduction in borrowing costs in markets where rates are falling. Floating rate borrowings, although not exposed to changes in fair value, expose the Group to cash flow risk following rises in interest rates and cost. The debentures totalling \u00a325.9 million (2022: \u00a325.9 million), net of interest paid in advance, are at fixed rates. The bank loans totalling \u00a3200 million (2022: \u00a3120 million), net of arrangement fees, are at floating rates. At the year end, after taking account of the interest rate collar, 50% interest rate swaps 2022: 17%) of the Group\u2019s bank loans and 60% (2022: 32%) of gross borrowings were at fixed rates or hedged. Interest rate collar The Group has entered into interest rate collar agreement, where the Group sold a floor and bought a cap, in order to hedge the risk in interest cash flows on its borrowings going higher than the cap. At the Balance Sheet date, \u00a360 million of the Group\u2019s and Company\u2019s borrowings were hedged by interest rate collar at floor and cap rate of 3.10% and 5.00% respectively. At 26 March 2022, \u00a320 million of the Group\u2019s and Company\u2019s borrowings were hedged by interest rate swaps at a blended fixed rate of 2.34%. The swap active at 26 March 2022 expired in August 2022. The interest rate collar is expected to impact the Income Statement in line with the liquidity risk table shown in section (iii) below. The interest rate collar cash flow hedge in effect at 1 April 2023 was assessed as being highly effective. Net unrealised gain of \u00a30.1 million (2022: \u00a30.5 million) has been recorded in other comprehensive income. Sensitivity \u2013 Group and Company The Group borrows in Sterling at market rates. Three month Sterling SONIA rate during the 53 weeks ended 1 April 2023 ranged between 0.69% and 4.17%. The Directors consider 1.00% to be a reasonable possible increase in rates and 0.50% to be a reasonable possible decrease in rates, with reference to market yield curves and the current economic conditions. The annualised effect of these changes to interest rates on the floating rate debt at the Balance Sheet date, all other variables being constant, are as follows: Group Company 1 Impact on post-tax profit and net equity \u2013 increase/(decrease) 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Decrease interest rate by 0.5% 0.8 0.5 1.3 1.0 Increase interest rate by 1.0% (1.5) (1.0) (3.6) (2.1) 1  The Company has substantial interest bearing payables due to subsidiary companies (note 20). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-442": {
   "value": "ii.  Credit risk The risk of financial loss due to a counter party\u2019s failure to honour its obligations arises principally in relation to transactions where the Group provides goods and services on deferred payment terms, deposits surplus cash and enters into derivative contracts. Group policies are aimed at minimising losses and deferred terms are only granted to customers who demonstrate an appropriate payment history and satisfy credit worthiness procedures. Individual customers are subject to credit limits to control debt exposure and goods may also be sold on a cash with order basis. Cash deposits with financial institutions for short periods and derivative transactions are only permitted with financial institutions approved by the Board. There are no significant concentrations of credit risk within the Group. The maximum credit risk exposure relating to financial assets is represented by their carrying value as at the Balance Sheet date. Trade and other receivables The Group records impairment losses on its trade receivables separately from gross receivables. Further detail is included in note 18. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-443": {
   "value": "iii.  Liquidity risk The Group minimises liquidity risk by managing cash generation, applying trade receivables collection targets, monitoring daily cash receipts and payments and setting rolling cash forecasts. Investments have cash payback periods applied as part of a tightly controlled investment appraisal process. The Group\u2019s rating with credit agencies is excellent. The Group has a mixture of long and short-term borrowings and overdraft facilities: 1% (2022: 15%) of the Group\u2019s borrowings are repayable after more than five years, 95% (2022: 4%) within the first to fifth years and 4% (2022: 81%) within one year. The tables on the following page summarise the maturity profile of the Group\u2019s financial liabilities at 1 April 2023 based on undiscounted contractual cash flows, including interest payable. Floating rate interest is estimated using the prevailing interest rate at the Balance Sheet date. Group at 1 April 2023 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than  10 years \u00a3m Total \u00a3m Interest bearing loans and borrowings1 \u2013 2.7 14.1 144.1 \u2013 20.1 181.0 Preference shares 2 \u2013 \u2013 0.1 0.5 \u2013 3.4 4.0 Trade and other payables 19.0 3.4 0.5 \u2013 \u2013 \u2013 22.9 Lease liabilities \u2013 2.0 6.1 29.3 29.5 32.3 99.2 1  Bank loans are included after taking account of the following cash flows in relation to the interest rate collar held in respect of these borrowings: Group at 26 March 2022 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than  10 years \u00a3m Total \u00a3m Interest bearing loans and borrowings1 \u2013 1.9 125.4 12.0 \u2013 21.5 160.9 Preference shares 2 \u2013 \u2013 0.1 0.5 \u2013 3.4 4.0 Trade and other payables 24.4 3.0 0.5 \u2013 \u2013 \u2013 27.9 Lease liabilities \u2013 2.3 6.8 27.3 26.0 39.4 101.8 1   Bank loans are included after taking account of the following cash flows in relation to the interest rate swap and cap held in respect of these borrowings: Interest rate swaps \u2013 0.1 0.1 \u2013 \u2013 0.2 2  The preference shares have no contractual repayment date. For the purposes of the table above, interest payments have been shown for 20 years from the Balance Sheet date but no further. The Company figures are as for the Group, except as follows: Company at 1 April 2023 On demand \u00a3m Less than 3 months \u00a3m 3 to 12  months \u00a3m 1 to 5 years \u00a3m 6 to 10 years \u00a3m More than 10 years \u00a3m Total \u00a3m Amounts due to subsidiary undertakings 3 143.1 \u2013 \u2013 \u2013 \u2013 \u2013 143.1 Trade and other payables 19.0 3.4 0.5 \u2013 \u2013 \u2013 22.9 Lease liabilities \u2013 1.9 6.0 28.9 29.5 32.3 98.6 Company at 26 March 2022 Amounts due to subsidiary undertakings 3 136.6 \u2013 \u2013 \u2013 \u2013 \u2013 136.6 Trade and other payables 24.4 3.0 0.5 \u2013 \u2013 \u2013 27.9 Lease liabilities \u2013 2.2 6.6 26.2 25.9 39.2 100.1 3  Amounts due to subsidiary undertakings have no fixed repayment date. Interest is payable on the balance at 3% above the Bank of England base rate. Security \u2013 Group and Company The 10.7% debentures 2023 are secured on property, plant and equipment with a net book value of \u00a310.7 million (2022: \u00a310.5 million). The 6.875% debentures 2028 are secured by a floating charge over the assets of the Company. Covenants \u2013 Group and Company The Group and Company are subject to a number of covenants in relation to their borrowing facilities which, if contravened, would result in its loans becoming immediately repayable. The Group has secured a new facility of \u00a3200 million, split between a RCF of \u00a3110 million and a term loan of \u00a390 million, for a tenure of four years to May 2026. Under the new agreement, there is a covenant suite which consist of net debt to adjusted EBITDA (leverage) and adjusted EBITDA to net finance charges. See further details in note 21. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-444": {
   "value": "d)  Fair Value Book value Fair value Fair value LevelGroup 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Financial assets Interest rate collar 0.1 \u2013 0.1 \u2013 3 Financial liabilities Lease liabilities (71.8) (80.7) (71.8) (80.7) 3 Fixed rate borrowings (25.9) (25.9) (29.2) (32.0) 3 Floating rate borrowings (119.3)  (120.0) (119.3) (120.0) 3 Preference shares (1.6) (1.6) (1.6) (1.6) 3 Interest rate swaps \u2013 (0.1) \u2013 (0.1) 2 The Company figures are as for the Group above except for: Book value Fair value Fair value LevelCompany 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Financial liabilities Lease liabilities (71.3) (79.3) (71.3) (88.3) 3 Level 1 fair values are valuation techniques where inputs are quoted prices in active markets for identical assets or liabilities that the entity can access at measure data. Level 2 fair values are valuation techniques where all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly, but are not derived directly from quoted prices in active markets. The Group bases its valuations on information provided by financial institutions, who use a variety of estimation techniques based on market conditions, such as interest rate expectations, existing at each Balance Sheet date. Level 3 fair values are valuation techniques for which all inputs that have a significant effect on the recorded fair value are not observable. Derivative fair values are obtained from quoted market prices in active markets. The fair values of borrowings have been calculated by discounting the expected future cash flows at prevailing interest rates. Interest rates for borrowings range from 1.5% to 10.7%. The fair values of preference shares have been calculated using the market interest rates. Management assessed that the fair values of cash and short-term deposits, trade receivables and other receivables, and trade and other payables approximate their carrying amounts largely due to the short-term maturities of these instruments. There were no transfers between levels in the fair value hierarchy as at 1 April 2023 and 26 March 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-429": {
   "value": "d)  Fair Value Book value Fair value Fair value LevelGroup 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Financial assets Interest rate collar 0.1 \u2013 0.1 \u2013 3 Financial liabilities Lease liabilities (71.8) (80.7) (71.8) (80.7) 3 Fixed rate borrowings (25.9) (25.9) (29.2) (32.0) 3 Floating rate borrowings (119.3)  (120.0) (119.3) (120.0) 3 Preference shares (1.6) (1.6) (1.6) (1.6) 3 Interest rate swaps \u2013 (0.1) \u2013 (0.1) 2 The Company figures are as for the Group above except for: Book value Fair value Fair value LevelCompany 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Financial liabilities Lease liabilities (71.3) (79.3) (71.3) (88.3) 3 Level 1 fair values are valuation techniques where inputs are quoted prices in active markets for identical assets or liabilities that the entity can access at measure data. Level 2 fair values are valuation techniques where all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly, but are not derived directly from quoted prices in active markets. The Group bases its valuations on information provided by financial institutions, who use a variety of estimation techniques based on market conditions, such as interest rate expectations, existing at each Balance Sheet date. Level 3 fair values are valuation techniques for which all inputs that have a significant effect on the recorded fair value are not observable. Derivative fair values are obtained from quoted market prices in active markets. The fair values of borrowings have been calculated by discounting the expected future cash flows at prevailing interest rates. Interest rates for borrowings range from 1.5% to 10.7%. The fair values of preference shares have been calculated using the market interest rates. Management assessed that the fair values of cash and short-term deposits, trade receivables and other receivables, and trade and other payables approximate their carrying amounts largely due to the short-term maturities of these instruments. There were no transfers between levels in the fair value hierarchy as at 1 April 2023 and 26 March 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-430": {
   "value": "b)  Own Shares Own shares relate to shares held by independently managed employee share ownership trusts (\u201cESOTs\u201d) together with the Company\u2019s holding of treasury shares. Shares are purchased by the ESOTs in order to satisfy potential awards under the Long Term Incentive Plan (\u201cLTIP\u201d) and Share Incentive Scheme (\u201cSIP\u201d). Treasury shares are used, inter alia, to satisfy options under the Company\u2019s share options schemes. The LTIP ESOT has waived its rights to dividends on the shares it holds. Treasury shares have voting and dividend rights suspended. All own shares held, as below, are excluded from earnings and net assets per share calculations. Treasury shares LTIP ESOT SIP ESOT Total Total Number \u2018A\u2019 ordinary 40p shares 000s \u2018B\u2019 ordinary 4p shares 000s \u2018B\u2019 ordinary 4p shares 000s \u2018C\u2019 ordinary 40p shares 000s \u2018A\u2019 ordinary 40p shares 000s \u2018A\u2019 ordinary 40p shares 000s \u2018B\u2019 ordinary 4p shares 000s \u2018C\u2019 ordinary 40p shares 000s Own shares 000s At 27 March 2021 1,274 4,558 326 6 5 1,279 4,884 6 6,169 Shares released (11) (230) \u2013 \u2013 \u2013 (11) (230) \u2013 (241) At 26 March 2022 1,263 4,328 326 6 5 1,268 4,654 6 5,928 Share Purchased  1,000   \u2013   \u2013   \u2013   \u2013   1,000   \u2013   \u2013   1,000 Shares released (11)   \u2013   \u2013   \u2013   \u2013  (11)   \u2013   \u2013  (11)  At 1 April 2023  2,252   4,328   326   6   5   2,257   4,654   6  6,917 Monetary amount \u00a3m \u00a3m \u00a3m \u00a3m \u00a3m  \u00a3m   \u00a3m   \u00a3m   \u00a3m At 27 March 2021 11.9 4.6 0.3 0.1 0.1 12.0 4.9 0.1 17.0 Shares released (0.1) (0.3) \u2013 \u2013 \u2013 (0.1) (0.3) \u2013 (0.4) At 26 March 2022 11.8 4.3 0.3 0.1 0.1 11.9 4.6 0.1 16.6 Share Purchased  4.8   \u2013   \u2013   \u2013   \u2013   4.8   \u2013   \u2013   4.8 Shares released (0.1)   \u2013   \u2013   \u2013   \u2013  (0.1)   \u2013   \u2013  (0.1)  At 1 April 2023  16.5   4.3   0.3   0.1   0.1   16.6   4.6   0.1   21.3 Market value at  1 April 2023 10.5 2.0 0.2  \u2013   \u2013  10.5 2.2  \u2013  12.7 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-431": {
   "value": "<div class=\"t m0 h34 ff4 fs4 fc7 sc0 ls91 ws7a gs86e\">c)<span class=\"_ _6\"></span> <span class=\"_ _b\"> </span>Ot<span class=\"_ _0\"></span>her Capit<span class=\"_ _0\"></span>al Reser<span class=\"_ _0\"></span>ves<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsd ws9 gs86f\">Share premium ac<span class=\"_ _6\"></span>count<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs870\">T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>mium ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>minal v<span class=\"_ _0\"></span>alue on t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>sue o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y\u2019s equit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsd ws9 gs871\">Capi<span class=\"_ _0\"></span>tal redempt<span class=\"_ _0\"></span>ion reser<span class=\"_ _1\"></span>ve<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs872\">T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>emp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e aris<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ck of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s own e<span class=\"_ _0\"></span>quit<span class=\"_ _1\"></span>y shar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 lsd ws9 gs873\">Hedging reser<span class=\"_ _0\"></span>ve<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs874\">T<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g re<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e ef<span class=\"_ _1\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve p<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>tion of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h flo<span class=\"_ _0\"></span>w he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ships in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t dat<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc4 sc0 ls12 wsf gs875\">Merger reser<span class=\"_ _1\"></span>ve<span class=\"_ _2db\"> </span></div><div class=\"t m0 hbb ff3b fs4 fc5 sc0 lsb ws1 gs876\">T<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he hi<span class=\"_ _0\"></span>ve up o<span class=\"_ _0\"></span>f B<span class=\"_ _0\"></span>el &amp; T<span class=\"_ _0\"></span>he Dr<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>on.<span class=\"_ _2db\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-403": {
   "value": "27.  Share Options and Share Schemes The key points of each of the Group\u2019s share schemes for grants up to 1 April 2023 are summarised below. All schemes are equity-settled. All disclosure relates to both Group and Company. For the purposes of option and LTIP schemes, \u201cAdjusted EPS\u201d will normally be consistent with the pre-tax earnings per share excluding separately disclosed items as presented in the financial statements. However, the Remuneration Committee is authorised to make appropriate adjustments to Adjusted EPS as applied to these schemes. Savings Related Share Option Scheme (\u201cSAYE\u201d) This scheme grants options over shares at a discount of 20% on the average market price over the three days immediately prior to the date of offer. Employees must save a regular amount each month. Savings are made over three or five years, at the participant\u2019s choice. The right to buy shares at the discounted price lasts for six months after the end of the savings contract. There are no performance conditions, other than continued employment. Executive Share Option Scheme This is an approved Executive Share Option Scheme. For grants up to the year ended 28 March 2020 options vest if growth in Adjusted EPS exceeds the growth in RPI by 9% or more, over the three year performance period of the option. For grants made during the year ended 27 March 2021 options vest if a set EBITDA target is achieved. For grants made during the year ended 26 March 2022 onwards, the options vest if a set pre-tax Adjusted EPS target is achieved. The options must then be exercised within seven years after the end of the performance period. LTIP This plan grants conditional share awards. Up until the LTIP granted during the year ended 28 March 2020 vesting is conditional on growth in Adjusted EPS exceeding growth in RPI by 9% or more over the three year initial performance period of the award, with vesting levels on a sliding scale from 40% up to 100%, if growth in Adjusted EPS exceeds growth in RPI by 24% or more. From the LTIP granted during the year ended 27 March 2021 vesting is conditional upon pre-tax Adjusted EPS targets, with vesting levels on a sliding scale from 25% up to 100% dependent on the level of EPS achieved. An independent firm of advisors verifies the vesting level each year. The initial vesting period is three years and, for Executive Directors, is followed by a two year holding period. After this time the shares may be passed to the plan participants, as long as vesting conditions are met. A one-off Recovery LTIP was granted during the year ended 26 March 2022. Vesting is conditional upon Group EBITDA (excluding IFRS 16) targets, with vesting levels on a sliding scale from 25% up to 100% dependent on the level of EBITDA achieved. The initial vesting period is three years and is followed by a two year holding period. After this time the shares may be passed to the plan participants, as long as vesting conditions are met. SIP This plan awards free shares. An equal number of shares are awarded to each eligible employee. The maximum value of shares allowable under the scheme is \u00a33,000 per year, per person with at least five months\u2019 service as at 15 May each year. The basis of the award was changed with effect from the 2018 award so that all eligible employees receive the same number of shares. There is no requirement for performance targets (although there may be tax consequences if sold within five years of the award). Share-based payment expense recognised in the year The expense recognised for share-based payments in respect of employee services received during the 53 weeks ended 1 April 2023 is \u00a30.4 million credit (2022: \u00a30.8 million expense). The whole of that expense arises from equity-settled share-based payment transactions. Market value The market value of the shares at 1 April 2023 was \u00a34.65 (2022: \u00a36.20). Movements in the year The following tables illustrate the number and weighted average exercise prices (\u201cWAEP\u201d) of, and movements in, each category of share instrument during the year. Volatility The expected volatility is based on the historical volatility over the expected life of the rights. a) SAYE 2023  Number 000s 2023 WAEP 2022 Number 000s 2022 WAEP Outstanding at the beginning of the year  474  \u00a34.70  460 \u00a34.79 Granted  131  \u00a34.29  130 \u00a35.43 Lapsed (130)  \u00a34.78  (105) \u00a35.43 Exercised (5)  \u00a34.35  (11) \u00a37.66 Outstanding at the end of the year  470  \u00a34.49  474 \u00a34.70 Exercisable at the end of the year  \u2013  n/a 4 \u00a37.70 Weighted average share price for options exercised in the year \u00a34.79  \u00a37.35 Weighted average contractual life remaining for share options outstanding at the year end 2.0 years 2.7 years Weighted average share price for options granted in the year \u00a35.14  \u00a36.40 Weighted average fair value of options granted during the year \u00a31.98  \u00a30.77 Range of exercise prices for options outstanding at the year end \u2013 from \u00a34.19  \u00a34.35 \u2013 to \u00a38.12  \u00a38.12 Outstanding share options granted to employees under the SAYE scheme are as follows: Exercisable at Exercise price 40p shares \u00a3 Number of \u2018A\u2019 ordinary shares under option 2023 000s Number of \u2018A\u2019 ordinary shares under option 2022 000s September 2021 7.70  \u2013   4 September 2022 8.12  \u2013   2 September 2023 7.70  \u2013   2 November 2023 4.35  149   187 December 2024 5.43  51   76 November 2025 4.35  112   149 December 2025 4.19  99  \u2013 December 2026 5.43  27   54 December 2027 4.19  32  \u2013 470   474 b)  Share Option Schemes Executive Share Option Scheme 2023 Number 000s 2023 WAEP 2022 Number 000s 2022 WAEP Outstanding at the beginning of the year  184  \u00a37.23  212 \u00a37.46 Granted  41  \u00a36.92  \u2013 \u2013 Lapsed (35)  \u00a310.24  (28) \u00a39.00 Exercised (5)  \u00a35.78  \u2013 \u2013 Outstanding at the end of the year  185  \u00a37.46  184 \u00a37.23 Exercisable at the end of the year  12  \u00a39.03  25 \u00a39.17 Weighted average share price for options exercised in the year \u00a36.02 n/a Weighted average contractual life remaining for share options outstanding at the year end 7.61 years 8.84 years Weighted average share price for options granted in the year \u00a36.30  n/a Weighted average fair value of options granted during the year \u00a31.65  n/a Range of exercise prices for options outstanding at the year end \u2013 from \u00a36.00  \u00a36.92 \u2013 to \u00a310.90  \u00a310.90 Outstanding options which are capable of being exercised between three and ten years from date of issue and their exercise prices are shown in the table below: Executive Approved Scheme Exercisable in/between Exercise price 40p shares \u00a3 Number of \u2018A\u2019 ordinary shares under option 2023 000s Number of \u2018A\u2019 ordinary shares under option 2022 000s 2015 and 2022  7.05   \u2013  5 2016 and 2023  9.10  7  9 2017 and 2024  9.65  5  5 2018 and 2025  10.90   \u2013  5 2021 and 2028  9.46   \u2013  1 2022 and 2029  9.61   \u2013   \u2013 2024 and 2031  6.92  137  159 2025 and 2032  6.00   36   \u2013 185 184 c) LTIP Shares 2023 \u2018A\u2019 shares Number 000s 2023 \u2018B\u2019 shares Number 000s 2022 \u2018A\u2019 shares Number 000s 2022 \u2018B\u2019 shares Number 000s Outstanding at the beginning of the year  782   1,954  404 1,009 Granted   248   620  533 1,332 Lapsed (104)  (261)  (155) (388) Outstanding at the end of the year  926   2,313  782 1,953 Weighted average share price for shares vested in the year n/a n/a n/a n/a For shares outstanding at the year end, the weighted average contractual life remaining is 1.52 years 1.52 years 2.12 years 2.12 years Weighted average share price for shares granted in the year \u00a36.30  \u00a30.63  \u00a37.40 \u00a30.74 Weighted average fair value of shares granted during the year \u00a35.60  \u00a30.56  \u00a37.16 \u00a30.72 All LTIPs have a vesting price of \u00a3nil. LTIP shares do not receive dividends until vested. d) SIP 2023 Number 000s 2022 Number 000s Outstanding at the beginning of the year  73  112 Released 1 (32)  (39) Outstanding at the end of the year  41  73 Weighted average share price for shares released in the year \u00a35.18  \u00a37.17 For shares outstanding at the year end, the weighted average contractual life remaining is 0.77 years 1.32 years Weighted average share price for shares granted during the year n/a n/a Weighted average fair value of shares granted during the year n/a n/a 1  Shares have been issued from treasury shares. Outstanding SIP shares represent shares allocated and held by the SIP Trustees on behalf of employees, which remain in the trust for between three and five years. All SIPs have a vesting price of \u00a3nil. SIP shares receive dividends once allocated. e)  Fair Value of Grants i.  Equity-settled options and LTIPs The fair value of equity-settled share options granted is estimated as at the date of grant, taking into account the terms and conditions upon which the awards were granted. The following table lists the inputs to the model used for the 53 weeks ended 1 April 2023 and 52 weeks ended 26 March 2022, except for exercise price and the weighted average share price for grants in the year, which are disclosed in sections a) to d) above. LTIP scheme SAYE Executive Share Option Scheme Fair value inputs 2023 2022 2023 2022 2023 2022 Dividend yield (%) 1.9% 1.1% 2.2% 1.3% 1.9% n/a Expected share price volatility (%) n/a n/a 41.2%\u201345.6% 2.3\u20132.7% 45.1% n/a Risk-free interest rate (%) 1.8% 0.5% 3.3% (0.1%) 1.8% n/a Expected life of option/award (years) 3 years 3 years 3 to 5 years 3 to 5 years 4 years n/a Model used Black Scholes Black Scholes Black Scholes Black Scholes Black Scholes n/a ii.  SIP free shares awarded The fair value of free shares awarded under the SIP is the share price at the date of allocation. The total value of SIPs awarded is a fixed rate based on the Group\u2019s performance in the preceding financial year. The number of shares awarded is therefore dependent on the share price at the date of the award. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-433": {
   "value": "28. Guarantees and Commitments Operating leases where the Group is the lessor The Group earns rental income from two sources. Licensed property included within property, plant and equipment is rented under agreements where lessees must also purchase goods from the Group. Additionally, there are a smaller number of agreements in respect of investment properties where there is no requirement for the lessee to purchase goods. Investment properties are let to third parties on leases that have remaining terms of between one and fifteen years. At 1 April 2023, future minimum rentals receivable are as follows: Investment properties Property, plant and equipment Group 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Within one year  0.3  0.3 5.7 5.7 One to two years  0.2  0.2 1.5 2.0 Two to three years  0.2  0.2 1.3 1.5 Three to four years  0.1  0.2 0.4 0.6 Four to five years  0.1  0.1 0.1 0.1 After five years  0.5  0.6 0.5 0.6 1.4  1.6 9.5 10.5 Company Within one year  0.3  0.3 5.7 5.7 One to two years  0.2  0.2 1.5 2.0 Two to three years  0.2  0.2 1.3 1.5 Three to four years  0.1  0.2 0.4 0.6 Four to five years  0.1  0.1 0.1 0.1 After five years  0.5  0.6 0.5 0.6 1.4  1.6 9.5 10.5 The Group and Company\u2019s commercial leases on property are principally for licensed outlets. The terms of the leases are normally for either three, four or five years. The agreements allow for annual inflationary increases and full rental reviews occur on renewal of the lease. At 1 April 2023, future minimum rentals receivable under non-cancellable subleases included in the figures above were \u00a31.2 million (2022: \u00a32.0 million). b)  Other Commitments Group and Company 2023 \u00a3m 2022 \u00a3m Capital commitments \u2013 authorised, contracted but not provided for 1.0 2.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-404": {
   "value": "28. Guarantees and Commitments Operating leases where the Group is the lessor The Group earns rental income from two sources. Licensed property included within property, plant and equipment is rented under agreements where lessees must also purchase goods from the Group. Additionally, there are a smaller number of agreements in respect of investment properties where there is no requirement for the lessee to purchase goods. Investment properties are let to third parties on leases that have remaining terms of between one and fifteen years. At 1 April 2023, future minimum rentals receivable are as follows: Investment properties Property, plant and equipment Group 2023 \u00a3m 2022 \u00a3m 2023 \u00a3m 2022 \u00a3m Within one year  0.3  0.3 5.7 5.7 One to two years  0.2  0.2 1.5 2.0 Two to three years  0.2  0.2 1.3 1.5 Three to four years  0.1  0.2 0.4 0.6 Four to five years  0.1  0.1 0.1 0.1 After five years  0.5  0.6 0.5 0.6 1.4  1.6 9.5 10.5 Company Within one year  0.3  0.3 5.7 5.7 One to two years  0.2  0.2 1.5 2.0 Two to three years  0.2  0.2 1.3 1.5 Three to four years  0.1  0.2 0.4 0.6 Four to five years  0.1  0.1 0.1 0.1 After five years  0.5  0.6 0.5 0.6 1.4  1.6 9.5 10.5 The Group and Company\u2019s commercial leases on property are principally for licensed outlets. The terms of the leases are normally for either three, four or five years. The agreements allow for annual inflationary increases and full rental reviews occur on renewal of the lease. At 1 April 2023, future minimum rentals receivable under non-cancellable subleases included in the figures above were \u00a31.2 million (2022: \u00a32.0 million). b)  Other Commitments Group and Company 2023 \u00a3m 2022 \u00a3m Capital commitments \u2013 authorised, contracted but not provided for 1.0 2.2 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-405": {
   "value": "29<span class=\"_ _6\"></span>. <span class=\"_ _a\"> </span>Rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y T<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _2db\"> </span>Group and Company<span class=\"_ _2db\"> </span>Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d var<span class=\"_ _0\"></span>ious a<span class=\"_ _0\"></span>dminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Fuller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n Plan f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee of c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>. In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tot<span class=\"_ _0\"></span>alling \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0) r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision of a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial, co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>nd ad<span class=\"_ _0\"></span>minist<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>y thir<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e Fuller, Smith &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n Plan<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Com<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ation of key managem<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>nel (including Direct<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s)<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2023 \u00a3m<span class=\"_ _2db\"> </span>52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2022 \u00a3m<span class=\"_ _2db\"> </span>Short-term em<span class=\"_ _6\"></span>ployee<span class=\"_ _6\"></span> benefits<span class=\"_ _187\"> </span><span class=\"ff4 ls85 ws9b\">4<span class=\"_ _1\"></span>.1<span class=\"_ _b9\"> </span></span><span class=\"ls15a ws14c\">3<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tion b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _88\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span>Post-employm<span class=\"_ _0\"></span>ent benefit<span class=\"_ _0\"></span>s<span class=\"_ _1e3\"> </span><span class=\"ff4 lsc5 wsbf\">0.3<span class=\"_ _1ac\"> </span></span><span class=\"ws91\">0.3<span class=\"_ _2db\"> </span></span>4.5<span class=\"_ _b1\"> </span><span class=\"ff3b ls5c ws4a\">3.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span>Company Only<span class=\"_ _2db\"> </span>Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d par<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns:<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 0<span class=\"_ _0\"></span>1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span>Sales<span class=\"_ _2\"></span> to related par<span class=\"_ _1\"></span>tie<span class=\"_ _0\"></span>s \u00a3m<span class=\"_ _2db\"> </span>Purchases<span class=\"_ _6\"></span> from relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>ue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>o relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>Amoun<span class=\"_ _0\"></span>ts due to relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>Amoun<span class=\"_ _0\"></span>ts due from relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _2cc\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _21d\"> </span><span class=\"lse4 wsdf\">6<span class=\"_ _0\"></span>4.9<span class=\"_ _b1\"> </span><span class=\"ls80 wse4\">6.4<span class=\"_ _1ab\"> </span></span></span> \u2013 <span class=\"_ _43\"> </span><span class=\"ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1)<span class=\"_ _94\"> </span></span> \u2013 </span>5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span>Sales to rela<span class=\"_ _0\"></span>ted par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Purchases from relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _272\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _170\"> </span><span class=\"ls15a ws14c\">6<span class=\"_ _1\"></span>1.1<span class=\"_ _e6\"> </span></span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls125 ws13a\">3<span class=\"_ _0\"></span>.7<span class=\"_ _91\"> </span><span class=\"ls12 ws91\">(1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6.7)<span class=\"_ _3e\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></span></span>Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t is p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y of th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>t 3% ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ank o<span class=\"_ _0\"></span>f En<span class=\"_ _0\"></span>gland b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>ll amoun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding ar<span class=\"_ _0\"></span>e uns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d rep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le on de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y also in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3 million).<span class=\"_ _2db\"> </span>Sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s of p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blishe<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>an E<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic A<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a ar<span class=\"_ _0\"></span>e exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>n audit i<span class=\"_ _0\"></span>f a gua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee is p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y liabil<span class=\"_ _6\"></span>itie<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e in una<span class=\"_ _0\"></span>nimous a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up w<span class=\"_ _0\"></span>ill be exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om an au<span class=\"_ _0\"></span>dit in 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 4<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>A of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, all of w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re f<span class=\"_ _0\"></span>ully co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _1a4\"> </span><span class=\"lsd5 wsf8\">C<span class=\"_ _0\"></span>ompany Number<span class=\"_ _2db\"> </span></span>Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>in C<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _2cd\"> </span><span class=\"ls3c ws3a\">0<span class=\"_ _0\"></span>15<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2ce\"> </span><span class=\"ls147 ws135\">02934979<span class=\"_ _2db\"> </span></span>Geo<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e Gale an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2c6\"> </span><span class=\"lsb5 wsaf\">00026330<span class=\"_ _2db\"> </span></span>4<span class=\"_ _0\"></span>5 Woo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>field L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _22b\"> </span><span class=\"ls5c ws4a\">0<span class=\"_ _0\"></span>427<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span>Gra<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>al T<span class=\"_ _6\"></span>radin<span class=\"_ _0\"></span>g Limi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed <span class=\"_ _226\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>717<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span>B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns I L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _bf\"> </span><span class=\"ls80 wse4\">07292333<span class=\"_ _2db\"> </span></span>B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns II L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _28a\"> </span><span class=\"ls80 wse4\">08029280<span class=\"_ _2db\"> </span></span>B &amp; D (Co<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ham) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1ed\"> </span><span class=\"ls7f wsc5\">07320065<span class=\"_ _2db\"> </span></span>B &amp; D (Odiha<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _12e\"> </span><span class=\"lse7 wse2\">0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>74<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>B &amp; D (Re<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _284\"> </span><span class=\"lse2 wsdd\">07309587<span class=\"_ _2db\"> </span></span>B &amp; D (<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>in) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _1fa\"> </span><span class=\"ls7f wsc5\">073202<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span>B &amp; D (F<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>m) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _2cf\"> </span><span class=\"lsea ws81\">08392963<span class=\"_ _2\"></span> </span>B &amp; D (Kin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>cler<span class=\"_ _0\"></span>e) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _74\"> </span><span class=\"ls147 ws135\">08975762<span class=\"_ _2db\"> </span></span>RS<span class=\"_ _0\"></span>H 20<span class=\"_ _1\"></span>0 Limit<span class=\"_ _0\"></span>ed<span class=\"_ _181\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1d2\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>917<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill be exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g of ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>use u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>A o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, all of w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are f<span class=\"_ _0\"></span>ully c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _1a4\"> </span><span class=\"lsd5 wsf8\">C<span class=\"_ _0\"></span>ompany Number<span class=\"_ _2db\"> </span></span>Grif<span class=\"_ _0\"></span>fin Inns Ltd.<span class=\"_ _269\"> </span><span class=\"lsb5 wsaf\">00495934<span class=\"_ _2db\"> </span></span>Ring<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _205\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span>F<span class=\"_ _2\"></span>.S<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>T<span class=\"_ _6\"></span>. T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _2d0\"> </span><span class=\"lsea ws81\">03<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>63480<span class=\"_ _2db\"> </span></span>Fuller Smi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2c5\"> </span><span class=\"lse7 wse2\">018<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>16<span class=\"_ _1\"></span>74</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-432": {
   "value": "Group and Company<span class=\"_ _2db\"> </span>Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d var<span class=\"_ _0\"></span>ious a<span class=\"_ _0\"></span>dminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Fuller<span class=\"_ _6\"></span>, Smit<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n Plan f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee of c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>. In ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s tot<span class=\"_ _0\"></span>alling \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0) r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision of a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>arial, co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>ting a<span class=\"_ _0\"></span>nd ad<span class=\"_ _0\"></span>minist<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive s<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vic<span class=\"_ _0\"></span>es b<span class=\"_ _0\"></span>y thir<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e Fuller, Smith &amp; T<span class=\"_ _6\"></span>urn<span class=\"_ _0\"></span>er P<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n Plan<span class=\"_ _0\"></span>.<span class=\"_ _2db\"> </span>Com<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ation of key managem<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>nel (including Direct<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>s)<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 weeks<span class=\"_ _6\"></span> ended 1 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 2023 \u00a3m<span class=\"_ _2db\"> </span>52 w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 26 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h 2022 \u00a3m<span class=\"_ _2db\"> </span>Short-term em<span class=\"_ _6\"></span>ployee<span class=\"_ _6\"></span> benefits<span class=\"_ _187\"> </span><span class=\"ff4 ls85 ws9b\">4<span class=\"_ _1\"></span>.1<span class=\"_ _b9\"> </span></span><span class=\"ls15a ws14c\">3<span class=\"_ _1\"></span>.1<span class=\"_ _2db\"> </span></span>T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tion b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span><span class=\"ff4 ls85 ws9b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _88\"> </span></span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span>Post-employm<span class=\"_ _0\"></span>ent benefit<span class=\"_ _0\"></span>s<span class=\"_ _1e3\"> </span><span class=\"ff4 lsc5 wsbf\">0.3<span class=\"_ _1ac\"> </span></span><span class=\"ws91\">0.3<span class=\"_ _2db\"> </span></span>4.5<span class=\"_ _b1\"> </span><span class=\"ff3b ls5c ws4a\">3.<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-434": {
   "value": "Company Only<span class=\"_ _2db\"> </span>Durin<span class=\"_ _0\"></span>g t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar, the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y en<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d int<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d par<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns:<span class=\"_ _2db\"> </span>5<span class=\"_ _0\"></span>3 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>s en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 0<span class=\"_ _0\"></span>1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>l 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2db\"> </span>Sales<span class=\"_ _2\"></span> to related par<span class=\"_ _1\"></span>tie<span class=\"_ _0\"></span>s \u00a3m<span class=\"_ _2db\"> </span>Purchases<span class=\"_ _6\"></span> from relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>ue f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>o relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>Amoun<span class=\"_ _0\"></span>ts due to relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties \u00a3m<span class=\"_ _2db\"> </span>Amoun<span class=\"_ _0\"></span>ts due from relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>ties<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _2cc\"> </span><span class=\"ff4 ls1 ws91\"> \u2013 <span class=\"_ _21d\"> </span><span class=\"lse4 wsdf\">6<span class=\"_ _0\"></span>4.9<span class=\"_ _b1\"> </span><span class=\"ls80 wse4\">6.4<span class=\"_ _1ab\"> </span></span></span> \u2013 <span class=\"_ _43\"> </span><span class=\"ls85 ws9b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.1)<span class=\"_ _94\"> </span></span> \u2013 </span>5<span class=\"_ _0\"></span>2 w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 2<span class=\"_ _0\"></span>6 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span>Sales to rela<span class=\"_ _0\"></span>ted par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Purchases from relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t du<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies \u00a3m<span class=\"_ _2db\"> </span>A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m relat<span class=\"_ _0\"></span>ed par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _2db\"> </span>\u00a3m<span class=\"_ _2db\"> </span>Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _272\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _170\"> </span><span class=\"ls15a ws14c\">6<span class=\"_ _1\"></span>1.1<span class=\"_ _e6\"> </span></span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls125 ws13a\">3<span class=\"_ _0\"></span>.7<span class=\"_ _91\"> </span><span class=\"ls12 ws91\">(1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>6.7)<span class=\"_ _3e\"> </span><span class=\"ls1 ws1\">\u2013<span class=\"_ _2db\"> </span></span></span></span></span>Int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t is p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>able on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>y of th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>e to su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>t 3% ab<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>ank o<span class=\"_ _0\"></span>f En<span class=\"_ _0\"></span>gland b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e. A<span class=\"_ _0\"></span>ll amoun<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ding ar<span class=\"_ _0\"></span>e uns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d rep<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>yab<span class=\"_ _0\"></span>le on de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d.<span class=\"_ _2db\"> </span>T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y also in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3 million).<span class=\"_ _2db\"> </span>Sub<span class=\"_ _0\"></span>sidiarie<span class=\"_ _0\"></span>s of p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>blishe<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thin t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>an E<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic A<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a ar<span class=\"_ _0\"></span>e exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>n audit i<span class=\"_ _0\"></span>f a gua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ee is p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>nt f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _1\"></span>y liabil<span class=\"_ _6\"></span>itie<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e in una<span class=\"_ _0\"></span>nimous a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>eem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up w<span class=\"_ _0\"></span>ill be exem<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>om an au<span class=\"_ _0\"></span>dit in 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 1 A<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 4<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>A of t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, all of w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re f<span class=\"_ _0\"></span>ully co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s:<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _1a4\"> </span><span class=\"lsd5 wsf8\">C<span class=\"_ _0\"></span>ompany Number<span class=\"_ _2db\"> </span></span>Gri<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>in C<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing S<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>vice<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _2cd\"> </span><span class=\"ls3c ws3a\">0<span class=\"_ _0\"></span>15<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _2db\"> </span></span>Jac<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>b Guinn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2ce\"> </span><span class=\"ls147 ws135\">02934979<span class=\"_ _2db\"> </span></span>Geo<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>e Gale an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _2c6\"> </span><span class=\"lsb5 wsaf\">00026330<span class=\"_ _2db\"> </span></span>4<span class=\"_ _0\"></span>5 Woo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>field L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _22b\"> </span><span class=\"ls5c ws4a\">0<span class=\"_ _0\"></span>427<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span>Gra<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>al T<span class=\"_ _6\"></span>radin<span class=\"_ _0\"></span>g Limi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed <span class=\"_ _226\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>717<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _2db\"> </span></span>B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns I L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _bf\"> </span><span class=\"ls80 wse4\">07292333<span class=\"_ _2db\"> </span></span>B &amp; D Co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>y Inns II L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _28a\"> </span><span class=\"ls80 wse4\">08029280<span class=\"_ _2db\"> </span></span>B &amp; D (Co<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ham) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1ed\"> </span><span class=\"ls7f wsc5\">07320065<span class=\"_ _2db\"> </span></span>B &amp; D (Odiha<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _12e\"> </span><span class=\"lse7 wse2\">0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>74<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>B &amp; D (Re<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g) L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _284\"> </span><span class=\"lse2 wsdd\">07309587<span class=\"_ _2db\"> </span></span>B &amp; D (<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>in) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _1fa\"> </span><span class=\"ls7f wsc5\">073202<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _2db\"> </span></span>B &amp; D (F<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>nha<span class=\"_ _0\"></span>m) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _2cf\"> </span><span class=\"lsea ws81\">08392963<span class=\"_ _2\"></span> </span>B &amp; D (Kin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>cler<span class=\"_ _0\"></span>e) Limit<span class=\"_ _0\"></span>ed<span class=\"_ _74\"> </span><span class=\"ls147 ws135\">08975762<span class=\"_ _2db\"> </span></span>RS<span class=\"_ _0\"></span>H 20<span class=\"_ _1\"></span>0 Limit<span class=\"_ _0\"></span>ed<span class=\"_ _181\"> </span><span class=\"ls59 ws56\">12<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _2db\"> </span></span>Co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>sw<span class=\"_ _0\"></span>old In<span class=\"_ _0\"></span>ns and H<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>els L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _1d2\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>917<span class=\"_ _1\"></span>9<span class=\"_ _2db\"> </span></span>T<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup w<span class=\"_ _0\"></span>ill be exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g of ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>o C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>use u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r Se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tion 3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>A o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anies A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6, all of w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h are f<span class=\"_ _0\"></span>ully c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancial s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>:<span class=\"_ _2db\"> </span>Compan<span class=\"_ _0\"></span>y<span class=\"_ _1a4\"> </span><span class=\"lsd5 wsf8\">C<span class=\"_ _0\"></span>ompany Number<span class=\"_ _2db\"> </span></span>Grif<span class=\"_ _0\"></span>fin Inns Ltd.<span class=\"_ _269\"> </span><span class=\"lsb5 wsaf\">00495934<span class=\"_ _2db\"> </span></span>Ring<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _205\"> </span><span class=\"ls3e ws3c\">0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _2db\"> </span></span>F<span class=\"_ _2\"></span>.S<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>T<span class=\"_ _6\"></span>. T<span class=\"_ _6\"></span>rus<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed<span class=\"_ _2d0\"> </span><span class=\"lsea ws81\">03<span class=\"_ _6\"></span>1<span class=\"_ _2\"></span>63480<span class=\"_ _2db\"> </span></span>Fuller Smi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h &amp; T<span class=\"_ _2\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er E<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _2c5\"> </span><span class=\"lse7 wse2\">018<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>16<span class=\"_ _1\"></span>74</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  },
  "fact-5": {
   "value": "Pier House 86-93 Strand-on-the-Green London W4 3NN",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800C7ACOFMRCQQW76",
    "period": "2022-03-27T00:00:00/2023-04-02T00:00:00"
   }
  }
 }
}